GM Scales Back Chevy Bolt EV Launch Amid Tax Credit Cuts

GM Scales Back Chevy Bolt EV Launch Amid Tax Credit Cuts

GM is bracing for the early expiry of $7,500 in consumer tax credits for the purchase of EVs added during the Biden administration that President Trump and the Republican Congress have cut.

GM cuts production at electric-vehicle plant as end to U.S. subsidy approaches

Automaker will stop production of two electric Cadillac SUVs at its plant in Spring Hill, Tenn., in December

GM is already planning to cut EV production as it prepares for the ‘irrational’ discounts to end

Despite back-to-back record sales months, GM confirmed on Thursday that it plans to build fewer electric vehicles. GM's sudden shift comes as it prepares for what it calls "irrational" EV discounts to expire at the end of September. more . . .

GM to cut EV production amid expiring federal tax credits

On the Dash: General Motors is cutting Chevrolet Bolt and Cadillac EV production in response to uncertain demand following the Sept. 30 expiration of federal EV tax credits.  Despite record EV sales in August, the company is taking a measured approach to avoid overproduction until the market stabilizes. GM is balancing EV ambition with profitability by increasing production of large pickups and SUVs while managing regulatory and market changes.…