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GM cuts bolt EV production plan as tax credit loss looms

GM reports more than 21,000 EVs sold in August

Bloomberg News

General Motors Co. will start the launch of the Chevrolet Bolt electric vehicle in December with one shift at its plant in Kansas, less than the two shifts initially planned for the plug-in compact due to uncertain EV demand, the company said. GM is bracing for the Sept. 30 expiration of the $7,500 consumer tax […]

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