GM warns of 'serious threat to the business' before making bombshell U-turn

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GM warns of 'serious threat to the business' before making bombshell U-turn

Daily Mail
By BEN SHIMKUS
20 May 2025



The company — second only to Tesla in US EV sales — has walked back its earlier commitments to an all-electric future.

GM once promised to build 400,000 electric vehicles by 2024. It ended up selling just 114,432 that year.

Still, that number represented a significant gain: a 50 percent increase in EV sales compared to 2023.

But the growth hasn’t matched regulators’ lofty projections. EVs account for about seven percent of new vehicle sales in the US.

Nationwide, EV deliveries fell five percent last month, even as overall new vehicle sales rose by double digits.

In California, where EV adoption has consistently outpaced the rest of the country, electric and plug-in hybrid vehicles still account for only about 20 percent of total sales — well short of the 35 percent benchmark required by 2026 under the state’s current rule.

'GM believes in customer choice, and we continue to focus on offering the best and broadest portfolio of vehicles on the market,' a company spokesperson told DailyMail.com.

'GM has long supported one national standard and consistency in emissions regulations that are aligned with market realities.'

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https://www.dailymail.co.uk/yourmoney/article-14727847/general-motors-halts-ev-mandates-america.html