* Posts by JohnCampbell

1 post • joined 3 Nov 2017

Tesla share crash amid Republican bid to kill off electric car tax break

JohnCampbell

This last paragraph leaves out a very important technical note.

"GM said in a statement following the news: "Tax credits are an important customer benefit that can help accelerate the acceptance of electric vehicles. Because General Motors believes in an all-electric future, we will work with Congress to explore ways to maintain this incentive.""

What's missing is that in order for GM to get the government bailout, along with other bennies, from the Obama administration it was required to agree to switch over to building and promoting electric cars.

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