financetom
Business
financetom
/
Business
/
General Motors Reportedly Scraps Extended EV Tax Credit Plan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
General Motors Reportedly Scraps Extended EV Tax Credit Plan
Oct 8, 2025 10:22 AM

12:50 PM EDT, 10/08/2025 (MT Newswires) -- General Motors ( GM ) will not offer tax credits on electric vehicles that were in transit to dealers or on their lots before the September expiry of the $7,500 federal incentive, multiple media outlets reported Wednesday.

The company is offering its own incentive of around $6,000 for lease support, according to Bloomberg.

General Motors ( GM ) did not immediately respond to a request for comment from MT Newswires.

Price: 56.92, Change: -0.34, Percent Change: -0.59

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Doordash held talks with UK's Deliveroo on takeover, sources say
Exclusive-Doordash held talks with UK's Deliveroo on takeover, sources say
Jun 26, 2024
LONDON (Reuters) - U.S. meal delivery group Doordash flagged an interest in a takeover of Britain's Deliveroo last month, two people familiar with the matter told Reuters. San Francisco-based Doordash made the approach to Deliveroo, but talks ended after disagreement on valuation, said one of the people, speaking on condition of anonymity because the matter is private. There are no...
WISeKey International Subsidiary Plans to Launch New Set of Satellites in Q4
WISeKey International Subsidiary Plans to Launch New Set of Satellites in Q4
Jun 26, 2024
04:00 AM EDT, 06/26/2024 (MT Newswires) -- WISeKey International Holding ( WKEY ) said Wednesday its WISeSat.Space subsidiary plans to launch a new set of satellites into low-orbit space in Q4. The launches from California will expand the company's satellite constellation and enhance its Internet of Things connectivity and environmental monitoring services, it said. WISeSat.Space also plans to install a...
Lockheed Martin Satellite for US Government Agency Launched Into Orbit
Lockheed Martin Satellite for US Government Agency Launched Into Orbit
Jun 26, 2024
04:19 AM EDT, 06/26/2024 (MT Newswires) -- Lockheed Martin ( LMT ) said late Tuesday an advanced weather satellite it built for the National Oceanic and Atmospheric Administration has launched from NASA's Kennedy Space Center. The company said the GOES-U satellite deployed its solar panels to generate power and established communications with mission operators. GOES-U is the last of four...
American International Group Agrees to Sell Global Personal Travel Insurance Business for $600 Million
American International Group Agrees to Sell Global Personal Travel Insurance Business for $600 Million
Jun 26, 2024
04:23 AM EDT, 06/26/2024 (MT Newswires) -- American International Group ( AIG ) said early Wednesday that it signed an agreement to sell its global, individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities but excludes Japan and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved