General Motors said it is reducing its electric-vehicle manufacturing capacity and booking a $1.6 billion charge on its EV business as demand sinks.
The company said that EV sales, already weaker than expected when GM set out years ago on an ambitious plan to eventually end sales of gas-powered cars, are expected to fall with the end of government-funded subsidies and regulatory mandates that fueled EV growth.
Communism = EV Mandates.
