Benzingaยท2025-09-24 05:31Group 1: California's EV Incentives and Policies - California will not offer state incentives for EVs after the September 30 deadline for the $7,500 Federal EV Credit [1][3] - Governor Gavin Newsom criticized General Motors (GM) and its CEO for lobbying against California's EV mandate aimed at phasing out internal combustion engine vehicles by 2035 [2][4] - Newsom stated that the state cannot compensate for the loss of federal tax credits and will focus on supporting charging infrastructure instead [3] Group 2: General Motors' Strategy and Investments - GM initially opposed California's EV mandate, citing slow market demand for EVs and concerns over emissions standards [4] - Despite opposition, GM is advancing its EV strategy with the Chevrolet Bolt EV priced at $30,000, utilizing LFP batteries from CATL until 2027 [5] - GM has launched 200 fast-charging stations across 40 states in partnership with EVgo Inc. and Pilot Company, enhancing its charging network [6] Group 3: GM's Continued Investment in ICE Vehicles - GM is also investing significantly in internal combustion engine vehicles, with over $888 million allocated to its V-8 manufacturing facility in Buffalo, NY [7]