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WSJ Tech News Briefing

TNB Tech Minute: GM Backs Off EV Tax Credit Move

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 8 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: The Nobel Prize in Chemistry is awarded to a trio of scientists for their work in developing molecular structures known as metal-organic frameworks, or MOFs. And shares of Rocket Lab rally after deal with Japanese satellite maker. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:01.9

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0:31.4

Here's your afternoon T&B Tech Minute for Wednesday, October 8th.

0:35.8

I'm Julie Chang for the Wall Street Journal. General Motors

0:39.2

says it won't use its in-house finance arm to extend the $7,500 federal electric vehicle tax credit

0:46.6

that expired last month. In late September, GM and rival Ford made down payments on many EVs in dealer

0:53.3

inventory to claim the tax credit and pass

0:55.8

it on to customers later, but the plan drew criticism from Republican lawmakers. A GM spokesman

1:01.5

said after further consideration, the company decided not to claim the credit, but that customers

1:06.7

will still get a $7,500 discount for leases that start by the end of October.

1:13.2

The Nobel Prize in Chemistry has been awarded to scientists Susumu Kitagawa, Richard Robson,

1:19.8

and Omar Yagi for their work in developing a new form of molecular architecture,

1:24.7

dubbed metal organic frameworks or moffs.

1:27.9

As Heinerlinka, chair of the Noble Committee for Chemistry, explains,

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