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Friday, January 3, 2025

Stellantis, Volkswagen Drop After Losing US Electric-Car Subsidy

 

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to US tax credits under tougher rules that took effect this week.

VW’s ID.4 electric crossover lost its full $7,500 tax credit, according to the latest listing by the Department of Energy and Environmental Protection Agency. Models from the likes of Nissan Motor Co. and Stellantis that previously received as much as $3,750 are now also ineligible.

https://www.bloomberg.com/news/articles/2025-01-03/stellantis-volkswagen-drop-after-losing-us-electric-car-subsidy

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