General Motors (GM) has announced a significant $1.6 billion charge as it reassesses its electric vehicle (EV) strategy amidst a slowdown in the U.S. market and changes in tax incentives and emission regulations. The decision comes as the automaker plans to realign its production capacity, moving towards increased output of gas-powered vehicles. This financial impact reflects the company’s response to declining EV sales and adjustments necessary to navigate the evolving regulatory landscape affecting electric vehicle investments.