Rollback in IRA's EV incentives would benefit China, says GM board member

Any significant reduction or a rollback of the Inflation Reduction Act's support for electric vehicles would benefit China, according to General Motors board member Jon McNeill."I think we risk losing the auto manufacturing share to China. We really do, globally," McNeill, a former Tesla president and cofounder and CEO of DVx Ventures, said Wednesday during CNBC's "Squawk on the Street."The IRA of 2022 includes incentives for consumers to purchase EVs as well as significant support for carmakers and supplie ...