[Capricio]

https://www.jalopnik.com/2070160/ev-...ers-worldwide/

This really kicked off when the Trump administration decided to kill off the wildly popular $7,500 electric vehicle tax credit at the end of September. Trump then went about neutering fuel economy standards, and now we're here. Year over year, November's EV sales dropped 41%, and it's just an appetizer of things to come. Bloomberg expects the U.S.'s annual passenger EV sales to drop 15% in 2026.

https://nlpc.org/corporate-integrity...-6b-write-off/

GM had boasted of its $35 billion investment to build an EV business capable of selling a million plug-in cars per year by 2025. Chief Executive Officer Mary Barra even set a goal for the company to go all-electric by 2035.

Instead, it sold about 170,000 EVs last year and is now cutting production and workers. The company has already placed 5,500 workers on at least temporary furlough.

The write offs are the culmination [of] Barra’s big gamble that Americans would embrace EVs as quickly as the Biden administration wanted to see the vehicles become a mainstay on America’s roads. The company has more models than it can sell now and had planned more. Add in more than $10 billion invested in its former Cruise robotaxi business and GM has spent a lot on technology that only lost money.