GM Sticking with EVs Despite Regulatory Rollbacks
General Motors President Mark Reuss announced the automaker remains committed to electric vehicles despite the Trump administration repealing strict environmental rules. Reuss stated that changing long-term plans based on shifting regulations burns capital.
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GENERAL MOTORS CO will maintain its long-term electric vehicle strategy despite the Trump administration repealing strict environmental regulations, President Mark Reuss said Tuesday afternoon. The decision comes as the White House sets a target of 34.9 miles per gallon by 2031, down from the previous 52.5 mpg goal. Reuss noted that shifting long-term plans based on frequent regulatory changes burns capital and destroys corporate value.
