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GM plans to expand Bolt EV output

Friday, March 09, 2018

WASHINGTON - General Motors Co CEO Mary Barra called on the US Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand.

She called on US regulators to take into account when scoring automakers' emissions the potential for autonomous ridesharing vehicles to reduce carbon dioxide emissions and petroleum consumption. The Trump administration is reviewing whether Obama administration emissions standards that called for roughly doubling average US vehicle fuel efficiency by 2025 are appropriate.

"We feel tax credits should be expanded so our customers continue to receive the benefit going forward," Ms Barra told an energy conference in Houston.

GM has sold more than 160,000 plug-in and full-electric vehicles eligible for the credit.

The $7500 consumer tax credit phases out over a 12-month-period soon after an automaker hits the 200,000 mark and the largest US automaker is expected to hit the mark later this year.

The tax credit is aimed at helping defray the cost of pricier electric vehicles.

Introduced in October 2016, the Bolt was the first mass-produced electric vehicle to go more than 200 miles (320 km) between charges, and sell at a sticker price of under $40,000.

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