Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on October 1. But where prices go is less certain. The tax credit, ...

While automakers like Hyundai and Stellantis have offered cash off incentives to bridge the gap for buyers, Ford and GM took ...

The idea behind the program was to ease the impact of the tax credit expiration on dealers, who worried they would be stuck with tough-to-sell EVs.

Just 24 hours after General Motors announced it would drop the EV tax credit extension scheme, Ford did it as well, following political pressure ...

Car buyers can no longer use federal dollars to help pay for electric vehicles. Analysts expect a sharp drop in domestic sales.

Ford and GM reviewed the new programs with officials from the Internal Revenue Service before putting it into action, Reuters says citing three sources. In August, the IRS said vehicles must be ...

GM initially had a way to virtually extend tax credits, but now it’s caving to political pressure. General Motors had a program in place that would have effectively extended federal EV tax incentives ...

Just after midnight this morning, in addition to getting a federal government shutdown, we also lost all federal tax credits for new electric vehicles, used electric vehicles, and commercial electric ...

The lending arms at Ford and GM planned to initiate the purchase of EVs in dealers’ inventory, and then apply for the $7,500 credit on those cars and roll that money into EV lease terms. For customers ...