The EV tax incentive was scrapped as part of US President Donald Trump’s mega tax and spending bill passed earlier this year.
General Motors will take a $1.6bn hit in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand.
The carmaker, based in Detroit, Michigan in the US, announced the news on Tuesday.
The company’s disclosure is one of the clear
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