South China Morning Post CENTER (0.0) Reliability: 7.5/10

GM faces US$1.2b billion hit after Trump-era rules dent EV plans challenging Tesla and BYD

✍️ Associated Press 📅 October 14, 2025 09:08 PM 🕐 Scraped: October 14, 2025

Summary: The end of the US$7,500 clean vehicle tax credit and cuts to charging funding have reduced incentives for consumers and manufacturers alike.

General Motors will record a negative impact of US$1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the US and rules governing emissions

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Author

Associated Press

Original Publisher

🌍 South China Morning Post

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Published Date

October 14, 2025 at 09:08 PM

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