Cars
fromArs Technica
1 hour agoGM's EV push will cost it $1.6 billion in Q3 with end of the tax credit
EV sales spiked as the EV tax credit ended, but automakers face weaker future demand, prompting GM to record a $1.6 billion charge.
On Sept. 22, TikTok user @legacy7mama posted a video asking her viewers if she has reason to worry that she will no longer receive a tax credit, likely referring to the Clean Vehicle Tax Credit under the Inflation Reduction Act. I ordered my 2026 Tesla Y on Sept. 9. It's not here yet. I have nine days left in the month until I don't get the tax credit, she explained. So I'm slightly freaking out. Okay. I'm really freaking out.