GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source – Yahoo! Finance News

By David Shepardson WASHINGTON (Reuters) – General Motors Co 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…

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VW plans to sell electric Tesla rival for less than $23000: source

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found…

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Ford buys electric scooter startup Spin, joining competitors Bird and Lime

CLOSE Ford Motor is acquiring the electric-scooter startup Spin for more than $40 million. Traditional automakers continue to invest in alternative modes of transportation. USA TODAY Ford Motor Co. buys Spin, an electric scooter company, for more than $40 million. (Photo: Ford Motor Co.) Ford Motor is acquiring electric-scooter startup Spin for more than $40…

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Ford buys electric scooter startup Spin

Ford is buying electric scooter startup Spin, Axios reports, citing a price of around $40 million. Spin currently operates its scooters in Coral Gables, Fla., Washington, D.C., Charlotte, N.C., Durham, N.C., Lexington, Ky., Denver, Colo., Detroit, Mich. and Long Beach, Calif. In addition to operating throughout specific cities, Spin is live on five college campuses.…

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