GM’s $1.6 Billion EV Strategy Shift: Tax Credit Loss Reshapes Auto Industry
General Motors faces a massive $1.6 billion financial impact as federal EV tax credits expire and consumer demand softens. The automaker is now reevaluating its electric vehicle strategy amid significant market headwinds and changing government policies.
The American automotive industry is facing a pivotal moment as General Motors announces a staggering $1.6 billion financial impact following the expiration of crucial electric vehicle tax incentives and shifting market dynamics. This substantial hit comes as the automaker reevaluates its entire electric vehicle strategy in response to weaker-than-expected consumer demand and significant policy changes from the Trump administration.
