Clean Energy
G.M. takes $1.6 billion loss after electric vehicle subsidy goes away
Sales of electric vehicles (E.V.s) surged in August and September as buyers took advantage of a federal tax credit before it expired. Now, automakers expect to sell fewer E.V.s—and lose money on them—for the rest of the year.…
Starting today, electric vehicle buyers no longer get a federal tax credit
Yesterday was the last day to get a tax credit for buying an electric vehicle (E.V.), and motorists were apparently buying them like crazy before the credit expired. The expiration is bad news if you were about to get rid of…
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