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GM Takes $1.6 Billion Hit for Scaling Back EV Plans
Youtube· 2025-10-14 22:03
General Motors reporting a $1.6% billion charge related to scaling back its EV plans, the company says in a regulatory filing, quote. Following recent US government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow. Joining us with more is Bloomberg Intelligence, Global Autos and Industrials research analyst Steve Madden.And Steve, this is especially interestin ...