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GM Is Actually Making Money On EVs, Which Is A Big Deal
29 Jan 2025 | Abstracted from The Autopian
"Variable profit or variable margin is, simply, what you sell something for minus the cost of making it. It doesn't cover all the initial investment costs (building a plant, design, et cetera), but it's still an important milestone
"GM, which is now far into the product cycle of its 2nd gen (3rd if you count EV1) electric cars, is showing that it can make a real business out of this...GM is the company other than Tesla that benefits most from EV tax credits..."
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