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Market Chatter: Stellantis Models Removed From EV, Hybrid Tax Credit List in US
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Market Chatter: Stellantis Models Removed From EV, Hybrid Tax Credit List in US
Jan 3, 2025 5:11 AM

07:45 AM EST, 01/03/2025 (MT Newswires) -- Stellantis ( STLA ) shares were down 1.7% in Friday's premarket activity after some of its EVs and hybrids lost access to US tax credits under new rules implemented this week, Bloomberg reported.

Stellantis ( STLA ) models previously eligible for credits worth as much as $3,750 are now ineligible, the report said. Nissan and Volkswagen models will also be impacted.

The number of EVs and hybrids that currently qualify has fallen to 18, down from 22 last year, the report added.

Stellantis ( STLA ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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