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GM cuts EV plans, takes $1.6B charge due to expired tax credits and new regulations.
General Motors is taking a $1.6 billion charge after scaling back its electric vehicle plans, citing the expiration of federal EV tax incentives and relaxed emission regulations under the new administration.
The move reflects a major shift in strategy as the company reassesses its investment in EVs amid changing policy and economic conditions.
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GM recorta los planes de vehículos eléctricos, cobra $1.6 mil millones debido a créditos fiscales vencidos y nuevas regulaciones.