General Motors is taking significant financial charges, totaling approximately $6 billion, due to a slowdown in electric vehicle (EV) sales. This pullback is attributed to reduced US tax incentives for EVs and eased emissions standards. These charges, following a $1.6 billion hit last quarter, are forcing GM to reassess its ambitious EV transition plans and reduce EV production capacity. The company also faces additional costs related to restructuring its China joint venture.