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GM had hoped to finagle a way to extend the clean vehicle tax credit to its customers by buying them itself and then leasing them to customers. But strong opposition from Republican senator and car dealer Bernie Moreno (R-Ohio) and his colleague John Barasso (R-Md.) saw GM scrap this plan beyond the end of October.
Around the same time, GM’s audit committee approved the $1.6 billion charge due to expectations that EV adoption will decrease in the US. $1.2 billion is due to changes…
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GM had hoped to finagle a way to extend the clean vehicle tax credit to its customers by buying them itself and then leasing them to customers. But strong opposition from Republican senator and car dealer Bernie Moreno (R-Ohio) and his colleague John Barasso (R-Md.) saw GM scrap this plan beyond the end of October.
Around the same time, GM’s audit committee approved the $1.6 billion charge due to expectations that EV adoption will decrease in the US. $1.2 billion is due to changes…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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