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GM hits 200K EVs sold level

Published 01/02/2019, 12:19 PM
© Reuters.  GM hits 200K EVs sold level
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  • General Motors (GM +0.2%) passed the 200K cumulative U.S. electric vehicle sales threshold late last year, sources tell Reuters.
  • The development means that the federal tax credit for an EV purchase will fall to $3,750 in April and then drop to $1,875 in October for six months before completely going way in April 2020 unless the rules are revised.
  • Earlier today, Tesla (NASDAQ:TSLA) announced a $2K price cut on EVs to adjust for the loss of the tax credit for new buyers.
  • Now read: GM: A 6.2x Forward P/E Opportunity Hiding In Plain Sight


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