GM backtracks on plan to claim last-minute EV tax credits | NYGazet

GM opted to kill the program after Republican Sen. Bernie Moreno raised concerns about it, a person briefed on the matter told Reuters.

General Motors is scrapping a program aimed at allowing its dealers to continue offering for several months a $7,500 tax credit on electric-vehicle leases following the Sept. 30 expiration of the federal subsidy, the company said on Wednesday. Toward... [920 chars]