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-9.66744006187656E-05 -0.000386697602474925 -9.66744006187656E-05 0.000193348801237394 -0.000483372003093691 -0.00966744006187161 -0.0110208816705336 -0.022525135344161
Stock impact report

Why Trump's looming battle with California over EVs will affect the entire auto industry [Business Insider]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
It's a high-stakes fight over the future of electric vehicles and tackling the climate crisis. The stage is set for another battle between President-elect Donald Trump and California over the state's aggressive push for electric vehicles that could affect the rest of the country. The Environmental Protection Agency on Wednesday said California can go ahead with its ban on the sale of new gas-powered cars by 2035. The approval is an attempt to safeguard the state's strict limits on tailpipe pollution from Trump's promise to revoke them and roll back other federal incentives for electric vehicles. The stakes are high for automakers because what happens in California can dictate companies' broader EV strategies and the pace of the country's shift away from fossil fuels. The state accounts for some 11% of the US auto market and is also the top EV market in the country. In the first half of 2024, EVs and hybrids accounted for nearly 40% of sales in California. On top of that, 11 o Show less Read more
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