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General Motors is struggling to shift its EVs.
The company has taken a $1.6 billion hit related to unsold electric vehicles as growth across the EV market continues to slow. EV sales reached $2.1 billion in GM’s fourth quarter, up from the $2.0 billion reported last year.
The appeal for GM’s EV offerings is so low that some dealers are even pushing the automotive giant to get back into the hybrid market.
G.M. Profits Hurt by Unsold Electric Vehicles and Strike
[The New York Times]
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