GM to take a $1.6 billion hit as tax incentives for EVs are cut and emission rules ease

ABC News TechnologyTuesday, October 14, 2025 at 11:25:47 AM
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GM to take a $1.6 billion hit as tax incentives for EVs are cut and emission rules ease
General Motors is facing a significant setback as it prepares to absorb a $1.6 billion hit in the upcoming quarter due to cuts in tax incentives for electric vehicles and relaxed emission regulations in the U.S. This development is crucial as it not only affects GM's financial outlook but also raises concerns about the future of electric vehicle adoption and environmental standards.
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