Home / General / GM Takes A $1.6B Hit After Fed Reverses On EVs

GM Takes A $1.6B Hit After Fed Reverses On EVs

The end of federal tax credits for electric vehicles have made a $1.6 billion dent on General Motors. Still, GM does have a plan for the future.

For a few years, it looked like the American automotive industry would slowly move away from internal combustion engines, and focus instead on electric vehicles. In August of 2024, American manufacturer General Motors told EV Magazine they were plann… [2823 chars]

Source: SlashGear | Published: 2025-11-04T16:45:00Z

Credit: SlashGear

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *