GM Prompts Early Skepticism Over EV Pledges Amid Biden Transition

Environmentalists and other experts see General Motors’ (GM) announcement that it will bolster investment in electric vehicles (EV) as a nod to the incoming Biden administration’s expected focus on climate policies, as well as to Wall Street’s increased interest in vehicle electrification, but are voicing early skepticism of the move. These observers are raising their doubts because of the major automaker’s support for the Trump administration’s rollback of Obama-era vehicle greenhouse gas standards, as well as prior history in which...