EV, Tax Credit
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GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax credits under the Trump administration.
General Motors Co., in particular, is gaining electric speed. The company captured 15% of EV sales in the quarter, led by its new Chevrolet Equinox, the third best-selling battery-powered machine. That’s up from 10% in the year-earlier period.
The federal tax credit for electric vehicles has expired, but consumers can still find state and local incentives to reduce costs.
Deals include major price cuts, zero percent financing, and cash discounts across various EV models.
Federal Tax Credits ORG releases a detailed 2025 guide on the Work Opportunity Tax Credit (WOTC). The publication helps business owners, HR
Supporters of a new federal program that would grant tax credits to donors funding private school scholarships say it would expand Pennsylvania’s school choice options and give parents greater control over their children’s education.
GM will take a $1.6 billion hit after the U.S. ends EV tax credits and eases emissions rules, forcing the automaker to scale back electric vehicle investments.
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions were relaxed.