GM’s EV push will cost it $1.6 billion in Q3 with end of the tax credit
NegativeTechnology

General Motors is facing a significant financial hit, projecting a $1.6 billion loss in the third quarter due to the end of the tax credit for electric vehicles. This comes at a time when demand for EVs is expected to decline, prompting GM to adjust its production strategies. This situation is crucial as it highlights the challenges automakers face in transitioning to electric vehicles and the impact of government incentives on their financial health.
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