GM did 200,000 EVs wrong

[bwilson4web]

Source: https://www.reuters.com/article/us-...CN1OW1BO?feedType=RSS&feedName=technologyNews

General Motors Co (GM.N) hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday.

The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the credit will fall to $3,750 in April, and then drop to $1,875 in October for six months. The credit will completely disappear by April 2020. The 200,000 figure covers GM’s cumulative EV sales since 2010.
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Had GM held back inventory to reach 200,000 after January 1, their phase-out would start in July. Not a very bright or friendly to their customers decision. Tesla did it right.

Bob Wilson

 

[Roy_H]

To be fair, GM does not have anywhere near the same control over their inventory that Tesla has. If they issued an order to Chevy dealerships to hold back sales they would be told where to go. If they held back deliveries to dealerships, it would have to be months in advance, hard to calculate just how many and how long and only pissed off the dealers that had customers waiting.