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GM and Ford's recent partnership with Tesla to use its charging network could either accelerate the electrification drive, or simply extend the survival of traditional automakers in the rapidly evolving EV market.
The revised federal tax credits for electric vehicles, driven by new battery sourcing requirements, benefit U.S. automakers like Tesla, GM, Ford, and Stellantis while leaving Hyundai, Kia, Nissan, and Volkswagen at a disadvantage, potentially impacting their stock performance.