DETROIT (TNS) — Electric vehicle sales have been falling, and hybrids are gaining traction. As rival brands jump on the hybrid bandwagon, why is General Motors Co. sticking with EVs?
The automaker is playing the long game, company leaders and industry analysts said. GM predicts EV sales — which peaked last year as buyers and lessees rushed to take advantage of expiring $7,500 federal tax incentives before dropping steeply in the fall — will eventually take off, despite sluggish adoption in the United States.
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