GM, Ford announce several car models will lose electric vehicle tax credit in 2024

General Motors and Ford Motor Company announced some of their vehicles will become ineligible for the electric vehicle tax credits in the U.S. beginning on Jan. 1.

General Motors said Thursday that the Cadillac Lyriq and Chevrolet Blazer will temporarily be impacted. Ford said its E-Transit won’t be eligible for the $3,750 tax credit beginning on Jan. 1, as well as the Mach-E and Lincoln Aviator Grand Touring plug-in