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GM Scraps EV Tax Credit Lease Program | JQJO

GM Scraps EV Tax Credit Lease Program

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General Motors has canceled its plan to offer a $7,500 tax credit on electric vehicle leases after the federal subsidy expired. The program, intended to help dealers sell off remaining EVs, involved GM's lending arm purchasing vehicles and applying for the credit. The company cited "further consideration" for the decision, though a source indicated concerns raised by Senator Bernie Moreno influenced the change.

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