Election 2024 Party Position

SIC-PTI
92
PML-N
76
PPPP
54
MQM
17
IND
8
JUI
6
Full Result

GM believes many of its EVs will qualify for tax credits in 2024

GM believes many of its EVs will qualify for tax credits in 2024

Technology

GM believes many of its EVs will qualify for tax credits in 2024

Follow on
Follow us on Google News

WASHINGTON (Reuters) - General Motors said that it expects many of its electric vehicles to qualify for U.S. tax credits next year after new stricter rules limiting Chinese battery content take effect.

"Due to GM’s historic investments in the U.S and efforts to build more secure and resilient supply chains we believe GM is well positioned to maintain the consumer purchase incentive for many of our EVs in 2024 and beyond," the automaker said after the Biden administration issued new guidance. 




Advertisement