GM is taking a $1.6 billion hit after rolling back its EV plans
1. GM takes $1.6 billion hit, shifting EV strategy amid demand concerns. 2. CEO Mary Barra's 2035 all-electric vision is scaled back. 3. Trump administration's subsidy cuts affect EV adoption forecasts. 4. GM plans to increase production of gas-powered vehicles instead. 5. The revamped Chevrolet Bolt costs less than $30,000.