GM to expand Chevy Bolt EV sales, bring battery production to US

2018 Chevrolet Bolt EVAs part of a sweeping update on General Motors' electric-car plans, CEO Mary Barra announced the company will expand production and sales of the Chevy Bolt EV. At the same time, GM is expanding battery production for the Bolt EV from South Korea to a new factory in Michigan. In a blog post on LinkedIn on Wednesday, Barra laid out the company's...

Will GM or Tesla buyers lose electric-car tax credits first? (updated)

Tesla Model 3A major contributor to electric-car sales is the program under which buyers of new electric cars qualify for a federal income-tax credit of up to $7,500. But these tax credits are not unlimited. Once a manufacturer reaches sales of 200,000 plug-in electric cars (after December 31, 2009), the credits start to phase out for that company's cars...

GM promises it can make money on all-electric cars by 2021

2017 Chevrolet Bolt EV pre-production vehicles at Orion Township Assembly Plant, March 2016Radically new powertrains are widely assumed to lose money for the companies that launch them. Toyota's hybrid-electric system, launched in Japan in 1997, likely didn't break even until sometime after the 2004 launch of the second-generation Prius. Long-range battery-electric vehicles are the same, according to analysts and insiders: the question...