GM will take a $1.6 billion hit as it predicts a drop in EV demand. Here’s the latest setback.
1. GM to take a $1.6 billion charge affecting EV investments. 2. Sales spiked to 438,000 EV units for Q3 2023, a 30% increase. 3. The end of the federal tax credit may slow EV adoption. 4. GM maintains current EV lineup and plans to reintroduce Chevy Bolt EV. 5. CEO hints at potential for further financial adjustments.