GM has scrapped a plan that would have temporarily extended access to the $7,500 federal tax credit for qualifying EVs. The federal program ended last month.

"GM worked on an extended offer for the benefit of our customers and dealers. We recognize there have been some concerns about the program, so going forward we will not claim the tax credit. GM will ...

It seemed like such a good idea, and really out-of-the-box thinking, but Ford Motor Co. and General Motors Co. have both ...

Ford Motor Company has decided to withdraw a planned program that would have enabled dealers to offer a $7,500 federal tax ...

To extend the incentive, GM devised a plan to have its in-house lending arm initiate the purchase of EVs in its dealers’ ...

These Detroit automakers have found a financial workaround to help EV customers continue to get the federal tax credit.

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 ...

A Republican senator from Ohio had expressed deep grievances with the programs before they were eliminated.

In an era where many companies suck up to the Trump Administration, Ford and GM dared to be different. They rather blatantly ...

additional charges, and provides step-by-step instructions for turning in the vehicle, making the customer's end-of-lease experience a smooth transition. Beginning at 45 days to maturity, GM Financial ...