Government Motors Is Back
GM floats a China-style plan to subsidize and promote electric cars.
General Motors has recharged since being bailed out by the government in bankruptcy nearly a decade ago. But now Government Motors is back: The largest U.S. automaker wants the Trump Administration to juice its bottom line with a truckload of electric-car mandates and subsidies.
Electric cars make up a mere 1% of U.S. sales, but manufacturers have been required to produce an increasing number to comply with California’s zero-emissions vehicle mandate and federal fuel-economy (Cafe) standards. China, which accounts for half...