General Motors Co. last week said it would cut electric-vehicle production plans at two factories as it overhauls a third plant to make gas-fueled pickups, instead of battery-powered trucks. Ford Motor Co. is moving funds from a canceled three-row electric SUV to future internal combustion engine vehicles and hybrids, while Jeep-owner Stellantis NV is resurrecting the thirsty Hemi V-8 engine. Although not yet finalized, the deregulatory push is clearing the way for Detroit’s legacy automakers and their traditional rivals to reallocate billions of dollars earmarked for EVs and other costs linked to pollution rules.
