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Proposed federal budget changes could eliminate the $7,500 new electric vehicle tax credit, potentially slowing consumer adoption.

The 2026 GMC Sierra EV is now $27,795 cheaper than the 2025 Denali edition, with a starting price of $64,495 for the Elevation trim.

Senate Republicans included a carveout in their reconciliation bill allowing select renewable projects to retain Inflation Reduction Act tax credits despite broader repeal efforts.