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GM takes $6B charge, scales back EV plans due to weak demand and lost incentives.
General Motors is taking a $6 billion charge as it scales back its electric vehicle ambitions, citing weakened demand and the Trump administration’s rollback of Biden-era EV incentives, including the elimination of the $7,500 federal tax credit.
The move follows a prior $1.6 billion charge and involves canceled supplier contracts, workforce reductions at Detroit and Ohio facilities, and a reassessment of its 2035 all-electric goal.
While EVs remain a long-term priority, internal combustion engines are expected to dominate longer than planned.
Ford recently reported a similar $19.5 billion charge, reflecting broader industry challenges amid shifting policies and slower-than-expected EV adoption.
GM cobra $6 mil millones, reduce los planes de EV debido a la débil demanda y la pérdida de incentivos.