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GM takes $1.6 billion charge as it reassesses EV plans

General Motors booked a $1.6 billion impairment charge after federal policy changes ended EV tax credits and eased emissions rules, slowing electric vehicle adoption, analysts said.

  • On Tuesday, General Motors Co. reported a $1.6 billion impairment charge tied to unused EV capacity after tax incentives were cut and emissions rules relaxed under President Donald Trump.
  • This year, Republicans removed a $7,500 clean vehicle tax credit, and GM said recent U.S. policy changes, including ending incentives and relaxed emissions rules under President Donald Trump, will slow EV adoption.
  • GM said the bulk — $1.2 billion — is tied to idle EV production assets, and about $400 million stems mostly from canceled contracts with suppliers.
  • Investors reacted as shares fell less than 2% Tuesday, and General Motors Co. warned it may take additional hits as it adjusts production with non-cash charges.
  • Analysts predict a steep drop-off in EV sales in the coming months, despite General Motors Co.'s nearly $750 million pledge for EV charging networks and planned EV-capable factories.
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Lean Left

General Motors (GM) will have a negative impact of $1.6 billion in its next quarter as a result of the drastic reduction in tax incentives for electric vehicles in the United States and the relaxation of emission rules.

·Montreal, Canada
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Lean Left

The largest American automaker, General Motors (GM), will suffer a loss of $1.6 billion in the next quarter as the US reduces tax breaks for electric vehicles (EVs) and relaxes emission limits, a policy of President Donald Trump.

·Belgrade, Serbia
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, October 14, 2025.
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