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GM says it built about 20,000 EVs that did not quality for tax credits
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GM says it built about 20,000 EVs that did not quality for tax credits
Mar 12, 2024 9:27 AM

WASHINGTON, March 12 (Reuters) - General Motors ( GM )

said Wednesday the Detroit automaker built about 20,000 electric

vehicles this year that did not qualify for EV tax credits

before regaining access after supply chain changes.

GM lost access to EV tax credits for nearly all of its

models on Jan. 1 when new battery sourcing rules from the U.S.

Treasury made many EVs ineligible. GM has since regained

eligibility for many EVs including the Blazer EV and Cadillac

Lyriq after it made sourcing changes. GM Chief Financial Officer

Paul Jacobson said Wednesday over a 60-day period this year GM

built about 20,000 EVs that did not qualify.

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