US Employees, Factories Left Stranded After EV Subsidy Reversal
Close to 1,000 workers at a Kansas City-area assembly plant have been sent home without a return date, caught in the fallout from Washington’s withdrawal of federal EV purchase support. General Motors had been targeting around 150,000 Chevrolet Bolts at the facility before early next year. Demand collapsed when the $7,500 consumer tax credit was removed last September, and projected output has since fallen to roughly 35,000 units. A planned transition to conventional models, including the Buick Envision SUV and Chevrolet Equinox, remains incomplete. GM’s exposure traces back to a 2020 commitment of $27 billion over five years toward electric…