GM says it expects some EVs to receive $7,500 U.S. tax credits

General Motors Co said Friday it expects some electric vehicles will qualify for $7,500 U.S. tax credits after stricter Treasury Department guidance takes effect April 18.

"We expect a number of our Ultium-based EVs, including the Cadillac LYRIQ and additional EVs launching this year like the Chevrolet Equinox EV SUV and Blazer EV SUV, to qualify for the full $7,500 credit in 2023," GM said in a statement.