General Motors Pulls Funding from Floundering Electric Vehicle Efforts in $10 Billion Bid to Appease Investors

General Motors Pulls Funding from Floundering Electric Vehicle Efforts in $10 Billion Bid to Appease Investors

General Motors is reassessing its investment plans in electric vehicles as sales collapse and shareholders fear that the initial headlong dive into EVs was a major mistake. The massive carmaker is preparing a move to pull back from EVs and reassure investors that the business is still strong despite the slow EV sales, The Wall Street Journal reported Wednesday. It is yet more evidence that Americans simply aren’t interested in EVs despite the en…