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In November 2013, the provincial government announced its decision to earmark in 2014 an additional CA$65 million (~ US$45.5 million) to fund a three-year extension to the electric-vehicle rebate program. The maximum rebate was kept at CA$8,000, but a graded scale was introduced in order to spread the incentive over 10,000 or more vehicles. [234]
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
For new EVs, purchasers or lessees for a 2-year term will receive a $5,000 rebate, while those opting for a lease term of three years or more will qualify for a $9,000 rebate. Used EV purchases ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
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The Treasury has delayed guidance for this requirement until March, instead of January 1, 2023. The other $3,750 portion of the credit is contingent on having 50% of the battery components built ...
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. Here is when to expect GM's $50,000 buyout program for ...
The Renaissance Center in Detroit, Michigan, is the world headquarters of General Motors.. The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible.