GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease

Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and up to $4,000 for used ones. General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet...

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