GM says it will take US$1.6B hit as Trump slashes EV tax incentives
NegativeU.S News

General Motors announced it will incur a significant loss of $1.6 billion following the recent termination of the electric vehicle tax credit in the United States. This credit, which provided substantial financial incentives for consumers purchasing new and used EVs, was a crucial factor in promoting electric vehicle adoption. The end of this program could hinder the growth of the EV market and impact GM's sales strategy, highlighting the challenges automakers face in a rapidly changing regulatory environment.
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