Automakers Maintain EV Momentum with Extended $7,500 Discounts After Federal Credit Ends
Automakers Maintain EV Momentum with Extended $7,500 Discounts After Federal Credit Ends Major automakers, including General Motors Co., Hyundai Motor Co., and Ford Motor Co., have swiftly announced extensions of $7,500 discounts on select electric vehicle (EV) models. This move comes immediately after the federal government’s $7,500 EV tax credit officially expired on September 30th. The industry’s proactive step aims to preserve sales momentum following a strong third-quarter performance and to facilitate the sell-down of existing EV inventory. Companies are…