Federal Tax Credits - Febspot

Federal Tax Credits

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General Motors to record $7.1 billion loss as it scales back electric vehicle plans — Static01.nyt.com

General Motors to record $7.1 billion loss as it scales back electric vehicle plans

General Motors said it will record a $7.1 billion loss for the last quarter of 2025, primarily to reflect the diminished value of its battery factories and electric-vehicle assembly lines after federal policy changes reduced demand for EVs. The company said the charge also includes compensation it will pay

BYD overtakes Tesla as world’s largest electric-car seller — Static01.nyt.com

BYD overtakes Tesla as world’s largest electric-car seller

China’s BYD sold more electric cars in 2025 than Tesla, ending Tesla’s run as the world’s biggest seller of electric vehicles after Congress and President Trump eliminated federal tax credits that had encouraged Americans to buy those cars. Tesla said its car sales fell 16 percent in