DETROIT - 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. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and up to $4,000 for used ones. Meanwhile,
DETROIT - Electric vehicles are rapidly rising in popularity. In fact, some optimistic estimates suggest that electric vehicles might comprise 50% of all car sales by 2030. With that in mind, it is no surprise that some classic sports car companies want to get in the mix. Chevrolet recently unveiled a design for a future potential electric Corvette that has
DETROIT - Overall U.S. auto sales are expected to weaken in the third quarter, according to industry experts. But electric vehicles are emerging as a bright spot for several automakers, and General Motors in particular is now staging a gradual yet strong comeback with a steady rise in its EV sales. So far in 2024, the EV sales story
