It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans.
It’s another sign of the significant cost to traditional automakers after President Donald Trump ended federal policies that were intended to foster the adoption of zero emissions vehicles.
GM and other automakers invested heavily in EV plans in anticipation of stringent environmental regulations put in place during the Biden administration. They also expected some states to follow the lead of California and ban gas-powered vehicle sales within a decade. GM had previously announced a goal to produce only electric vehicles by 2035.
But the Trump administration has rolled back those emissions rules along with the financial support for EVs. It is also challenging the states’ authority to set their own tougher rules.
Electric cars aren’t going away entirely, however, as significant demand remains in the United States and demand continues to soar higher in other markets.
FUSeekMe69 on
Should’ve went PHEV first
Canuck-overseas on
GM has no future, they are effectively bankrupt.
Krypto_Kane on
lol. 😂
Mo-shen on
EVs are really not the issue.
Car prices are and tbf EVs tend to be more expensive than their ICE counterparts.
Look at the pic for this post. Most people are no where close to being able to afford that thing.
5 Comments
General Motors on Thursday [said it will lose another $6 billion](https://www.cnn.com/2026/01/08/business/gm-ev-costs?utm_medium=social&utm_campaign=missions&utm_source=reddit) as a result of its decision to pull back on electric cars.
It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans.
It’s another sign of the significant cost to traditional automakers after President Donald Trump ended federal policies that were intended to foster the adoption of zero emissions vehicles.
GM and other automakers invested heavily in EV plans in anticipation of stringent environmental regulations put in place during the Biden administration. They also expected some states to follow the lead of California and ban gas-powered vehicle sales within a decade. GM had previously announced a goal to produce only electric vehicles by 2035.
But the Trump administration has rolled back those emissions rules along with the financial support for EVs. It is also challenging the states’ authority to set their own tougher rules.
Electric cars aren’t going away entirely, however, as significant demand remains in the United States and demand continues to soar higher in other markets.
Should’ve went PHEV first
GM has no future, they are effectively bankrupt.
lol. 😂
EVs are really not the issue.
Car prices are and tbf EVs tend to be more expensive than their ICE counterparts.
Look at the pic for this post. Most people are no where close to being able to afford that thing.