GM, Ford vehicles to lose US EV tax credits, Reuters reports

U.S. auto maker General Motors (GM) announced earlier on Thursday that its “Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for a U.S. electric vehicle tax credit” starting January 1, David Shepardson reports for Reuters. GM said “only its Chevrolet Bolt EV will be eligible for the consumer EV tax credit,” added the story. “Ford (F) Motor said its E-Transit will lose the $3,750 tax credit on Jan. 1, as will the Mach-E and Lincoln Aviator Grand Touring plug-in hybrid, but its F-150 EV Lighting will keep the $7,500 credit and the Lincoln Corsair Grand Touring will retain a $3,750 credit,” according to Reuters.