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Wednesday, October 25, 2023

Has Biden's EV revolution already lost its spark?

The effort to electrify America's most popular and influential vehicle class is under way, but it appears to be faltering at the hands of reluctant motorists.

This week, Ford said it would lay off about 700 workers at the Detroit plant that manufactures its electric F-150 Lightning pickup truck and GM pushed back production of the Chevrolet Silverado EV, citing slowing demand.