General Motors Company (NYSE: GM) puts pressure on the legislators to interrupt the aggressive mandate of zero emission vehicles, marking a significant change in the position of the company as the request for electric vehicles in the United States shows signs of slowdown, as reported by the Wall Street Journal.
The automaker shared its position in an email sent to thousands of its employees employees last week. Here is what the email read:
“The emission standards that are not aligned on the realities of the market are a serious threat to our business by undermining the choice of consumers and the affordability of vehicles.”
General Motors Company (NYSE: GM), formerly a fervent supporter of the ambitious prohibition of California on gas vehicle sales by 2035, now pressure against him. The company urges employees to push senators to reverse a renunciation allowing California to set strict emission rules, which have been adopted by 11 other states. Although GM previously aligned its own VE objectives on the State, the slowdown in demand and the market challenges caused a change.
EV sales are late for expectations – even in California – and car manufacturers, notably General Motors Company (NYSE: GM) and Ford, steady on electric vehicle plans. GM has abandoned its objective of building 400,000 electric vehicles by mid-2012 and has delayed key launches while consumers are turning to cheaper alternatives and federal tax incentives are facing potential declines. GM has jumped almost 12% in the last 12 months.
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