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President Trump wants to eliminate the tax credit for electric vehicles buyers, but that won't stop General Motors (GM) from making them. In an interview with Yahoo Finance Executive Editor Brian Sozzi and Autos Reporter Pras Subramanian, CEO Mary Barra explains GM has had EVs in its sights for a long time.
"We do think that there is a potential for EV demand to go down without the consumer tax credit or some of the other aspects of IRA [Inflation Reduction Act]. But remember we started on our EV journey before we even knew IRA was going to be legislated. So we're going to continue on our journey to continue to take cost down, provide great electric vehicles, as well as great ICE vehicles, but great electric vehicles that customers want to have."
Watch the video above to hear more about what to Barra had to say about GM's EV plans and be sure to check out the full interview with GM CEO Mary Barra.
This post was written by Stephanie Mikulich.