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GM fights to keep 7500 tax credit as plant closings loom
GM seeks to preserve a 7500 dollar EV tax credit vital to its shift from internal combustion to battery and fuel cell vehicles. layoffs and factory closures threaten congressional support and could force price drops as Bolt and other EVs compete. Barrasso proposes ending the credit while GM lobbies alongside rivals Tesla and Nissan to scrap the 200000 vehicle cap.
MENTIONED IN THIS ARTICLE
Washington
General Motors
U.S
Donald Trump
Trump
Midwest
Gms
Tesla
Nissan
John Barrasso
R-Wy
Senate Environment and Public Works Committee
Barrasso
Ohio
Rob Portman
Sherrod Brown
Mary Barra
Lordstown
Portman
Barra