“The changes to our fuel economy and emission standards in the US under the Trump Administration have, in our experience, hit us harder relative to trade agreements,” said the CEO of GM, Mary Barra. “The cancellation of our emission regulations and the elimination of our $7,500 EV tax credit caused us to pull back our investment of several billion dollars in EVs and shift our focus to gasoline vehicles. Nevertheless, we firmly continue to be believers in EVs and adapt to whatever the future regulations and timelines bring to achieve our goals to be an industry leader in EVs and also continue to develop plug-in and hybrid models to stay nimble.” Barra said.
GM CEO Says EVs Still The ‘Endgame’ Despite Industry Pullback
