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GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Trump to block California’s gas car ban, emissions rules
WASHINGTON (AP) — President Donald Trump is expected to sign a measure Thursday that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told The Associated Press. The resolution Trump plans to sign, which Congress approved last month, aims to quash the country’s most aggressive attempt to […]
