t is about boosting all American-made autos, not just EVs, but not all buyers benefit, they must be patient and the incentive is modest
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A new tax deduction is less generous, less immediate and harder to estimate than the current one for electric cars. Photo: David Paul Morris/Bloomberg News
By
Christopher OttsFollow
Aug. 23, 2025 10:00 am ET
General Motors’ finance chief predicts car shoppers are going to come to dealer lots with a new question: “Where was this vehicle built?”
That is because in President Trump’s new tax law, car buyers can qualify for a tax deduction on interest from car loans used to finance the purchase of vehicles assembled in the U.S.
