Following GM's announcement that it would idle several US factories, Trump tweeted that the government could cut the carmaker's subsidies on electric vehicles. Electric vehicle (EV) "subsidies" are actually tax credits, and they aren't part of GM's long-term EV strategy. The US auto industry has gotten what it wanted from Trump in the form of weaker miles-per-gallon standards and a corporate tax cut, so his leverage with Detroit is fading. On Monday, General Motors announced that it would...
READ FULL ARTICLE »
Become a member to take advantage of more features, like commenting and voting.
Register or sign in today!