Al Jazeera | Breaking News, World News and Video Follow GM takes $1.6bn hit as EV tax credit expires in US The EV tax incentive was scrapped as part of US President Donald Trump’s mega tax bill passed earlier this year. https://www.aljazeera.com/economy/2025/10/14/gm-takes-1-6bn-hit-as-ev-tax-credit-expires-in-us?traffic_source=rss aljazeera.com