In addition, OEMs will excel if cars with internal combustion engines last longer than comparable cars in a given scenario.
Yesterday, the company made headlines for offering $7,500 incentives on its electric vehicles that lost a U. S. tax credit this week.
The auto giant has told its dealers that it will offer an acquisition fee to EV tax credits for any vehicle that becomes ineligible due to the new guidelines.
“In 2024, we expect industry sales to remain strong and are excited about the opportunities ahead as we expand visitor selection with new cars like the Chevrolet Equinox EV and Cadillac Escalade IQ,” said Marissa West, GM senior vice president and president. North America in the company’s investor presentation slides.
Read: Elon Musk’s SpaceX faces new challenge as Boeing-Lockheed’s Vulcan rocket takes off this week
Price Action: GM shares are trading higher by 1.15% to $35.67 on the last check Thursday.
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