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Some GM and Ford EVs will lose the $7,500 federal tax credit this year, but GM is taking steps to make sure it's only temporary. GM to offer $7,500 discount on EVs that don't qualify for tax ...
The Treasury has delayed guidance for this requirement until March, instead of January 1, 2023. The other $3,750 portion of the credit is contingent on having 50% of the battery components built ...
January 1, 2024 at 3:35 PM. By David Shepardson. WASHINGTON (Reuters) -Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on ...
The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers. Electric car buyers get a €4000 ( US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 ( US$3,390 ).
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
Stamping plant through 1972. Located at 950 E Milwaukee Ave. Produced aircraft and tank assemblies, 90 mm AA guns, 5” naval gun housings and Lockheed missile parts during World War II. Located at 4000-4500 S. Saginaw St. Originally a Durant Motors plant. Bought by GM in 1925 and became Fisher Body Plant No. 1 - Flint.
Of note for automakers like GM, Tesla, Ford and others - is the expansion of the $7,500 EV (electric vehicle) tax credit. How Tesla, GM could benefit from deal to expand EV tax credits [Video ...
GM C1XX platform (for long wheelbase and Theta Premium) GM VSS-S. Theta is General Motors ' automobile platform for compact / mid-size crossover SUVs. The architecture debuted in 2002 with the Saturn Vue and was later used for the Chevrolet Equinox and Captiva and similar models.