GM Cuts Bolt EV Production Plan as Tax Credit Loss Looms (1)

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 credit for EV purchases that President Donald Trump and the Republican-controlled Congress have cut. The loss of the tax credits could undermine EV sales, so GM is cutting production of the Bolt and two Cadillac EVs until the automaker can measure the impact.

“General Motors ...