In a surprising turn of events, General Motors finds itself grappling with a significant crisis in the electric vehicle sector. Recently, GM's CEO, Mary Barra, made headlines by abruptly halting EV production and abandoning a substantial portion of the company's electric plans. This sudden shift in strategy has sent shockwaves through the automotive industry, prompting questions about the future of EVs and the reasons behind GM's drastic decision.

The primary catalyst for GM's about-face on EVs is a stark reality—consumers are not buying them. Reports indicate that nearly 92,000 unsold EVs are accumulating at dealership lots across the United States, creating a staggering 342% increase from the previous year. The situation has become so dire that GM is now selling these vehicles at massive losses, leading to concerns about the company's financial well-being.

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