General Motors to take a $1.6bn hit as US tax incentives for EVs slashed

Tue, 14 Oct, 2025 - 14:23

Michelle Chapman, Associated Press

General Motors will record a negative impact of $1.6bn (€1.4bn) in its next quarter after tax incentives for electric vehicles (EVs) were slashed by the US and rules governing emissions are relaxed.

Shares fell less than 2% before the opening bell on Tuesday.

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General Motors to take a $1.6bn hit as US tax incentives for EVs slashed

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