Accounting October 15, 2025
GM Reports $1.6B Hit From Now-Unused EV Investments
General Motors reported the loss on Oct. 14 to the Securities and Exchange Commission as what's known as an impairment charge.
Accounting October 15, 2025
General Motors reported the loss on Oct. 14 to the Securities and Exchange Commission as what's known as an impairment charge.
Taxes October 8, 2025
The company will continue to offer about $6,000 in savings on electric vehicle leases through October, with the cost footed by General Motors.
Taxes September 30, 2025
Ford Motor Co. CEO Jim Farley on Tuesday said he wouldn't be surprised if electric vehicle sales in the United States fall by half after the expiration of the federal tax credit for plug-in vehicles.
Taxes September 30, 2025
The $7,500 federal incentive, which had two main iterations over an almost 17-year run, expires after the calendar flips past Tuesday as a result of legislation enacted this year.
Taxes August 20, 2025
Analysts expect manufacturers to further scale back production of EVs to match limited interest among buyers, especially as Trump works to remove federal emissions requirements.
Taxes June 30, 2025
Elon Musk slammed the Senate's latest version of President Donald Trump’s multitrillion-dollar tax bill warning that the cuts to EV and other clean energy credits would be “incredibly destructive” to the country.
Taxes June 5, 2025
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes May 27, 2025
A Republican-backed tax-and-spending bill passed by the U.S. House on May 22 aims to roll back federal clean energy incentives—a move critics warn could raise costs for those who purchase electric vehicles.
Accounting February 26, 2025
Federal buildings across the U.S. have been ordered to shut off electric-vehicle chargers, according to a person familiar with the matter, the latest move to rescind pro-EV initiatives in President Donald Trump’s first months in office.