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The Independent UK
The Independent UK
National
Michelle Chapman

US auto giant sounds the alarm about $1.6b problem after driver perk was axed

GM General Motors Lloyds

U.S. automaker General Motors will record a negative impact of $1.6 billon in its next quarter after tax incentives for electric vehicles were cut and rules governing emissions relaxed.

The EV tax credit, which saw car buyers receive $7,500 for new EVs and up to $4,000 for used ones, ended last month.

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