The federal EV tax credit expired on September 30, impacting automakers and buyers. General Motors pulled back on its promise to extend the credit, offering a smaller lease incentive instead. Other automakers like Ford, Tesla, Hyundai, and Stellantis are implementing workarounds or rebates to offset the credit loss. Despite a record September for EVs, analysts predict a drop in demand post-credit. The end of the tax credit may reshape the market, affecting affordability and sales projections, leading to a potential dip in EV sales in the near future. Automakers are bracing for a challenging year ahead as they adjust strategies.

Read more at Yahoo Finance: General Motors dishes out worrying update for EV buyers