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GM Cancels $7,500 EV Lease Credit Amid Controversy

10/9/2025

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Summary

Story summary

GM canceled extending the $7,500 federal EV lease credit after Sept 30; it will offer $6,000 in lease savings through October.
The decision followed concerns raised by Senator Bernie Moreno about the credit loophole.
GM had planned to apply for the credit on EVs in dealer inventory before the deadline, and reported 66,500 EVs sold in Q3.

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Story summary

GM canceled extending the $7,500 federal EV lease credit after Sept 30; it will offer $6,000 in lease savings through October.
The decision followed concerns raised by Senator Bernie Moreno about the credit loophole.
GM had planned to apply for the credit on EVs in dealer inventory before the deadline, and reported 66,500 EVs sold in Q3.