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Reason
Reason
Joe Lancaster

G.M. Takes $1.6 Billion Loss After Electric Vehicle Subsidy Goes Away

Sales of electric vehicles (E.V.s) surged in August and September as buyers took advantage of a federal tax credit before it expired. Now, automakers expect to sell fewer E.V.s—and lose money on them—for the rest of the year.

It raises the question, Is the American E.V. market just a creation of government policy?

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