General Motors Takes $1.6 Billion Hit From EV Strategy Shift

GM’s EV pullback comes as U.S. tax credits vanish and emissions rules loosen, forcing the automaker to reassess investments ...

GM to take $1.6 billion charge as tax credit blow muddies EV plans

General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle ...

Ford and GM Are Trying to Extend the $7500 Federal EV Tax Credit, Which Expired On October 1

The federal EV tax credits expired after September 30, but Ford and GM are trying to extend the $7500 incentive, as first reported by Reuters. Ford is working with dealers on a program to allow ...