Traditional Automakers Rally as EV Policy Shifts Loom
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BTCCSquare news:
General Motors and Ford shares surged to 52-week highs as investors bet on a regulatory rollback for gas-powered vehicles. GM stock closed at $61.24 Friday, up 15% year-to-date, while Ford gained 3.36% amid speculation about expiring EV tax credits and potential EPA rule changes.
The industry's trade group, including both automakers, is pushing the TRUMP administration to scrap emissions standards that favor electric vehicles. This comes as Tesla fights to maintain the existing framework—a stark divide in automotive strategy as the September 30 deadline for federal EV incentives approaches.
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