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flag GM takes $6B charge, scales back EV plans due to weak demand and lost incentives.

flag 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. flag 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. flag While EVs remain a long-term priority, internal combustion engines are expected to dominate longer than planned. flag Ford recently reported a similar $19.5 billion charge, reflecting broader industry challenges amid shifting policies and slower-than-expected EV adoption.

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