Trump Rescinds Rule Incentivizing Automakers To Produce EVs Amid EPA Rollback - General Motors (NYSE:GM)

President Donald Trump's Department of Energy (DOE) has rescinded a rule that incentivized automakers to produce more EVs to comply with Fuel Economy norms.Fuel Content Factor On EVsThe rescinded provision, called the "fuel content factor," allowed automakers to calculate fleetwide fuel economy by assigning higher-than-usual efficiency figures to electric vehicles, which then helped bring down the fleetwide fuel consumption figures, Reuters reported on Wednesday.The agency, according to the report, cited an ...