General Motors Co. has decided not to offer federal tax credits on electric vehicles that were in transit to dealers or on their lots before last month’s expiration of the $7,500 incentive, opting instead to give about $6,000 of its own cash for lease support and to keep EV sales going.
GM’s move shows how automakers are coping with a rapid reversals in policy under President Donald Trump. The administration ended Biden-era EV tax credits and has watered down penalties for selling vehicles with low fuel economy and high emissions, enticing automakers to sell more profitable gasoline-powered vehicles and ...
