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Why is GM scaling back its EV plans now?
GM is reducing its EV ambitions due to slower-than-expected demand and the end of U.S. federal EV tax credits. The company is also facing increased competition, especially from Chinese EV makers, and is reassessing its strategy while continuing to sell existing inventory.
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How are global EV sales performing this year?
Global EV sales hit a record 2.1 million in September 2025, driven mainly by China, Europe, and the U.S. China remains the dominant market, with Chinese companies expanding exports and gaining influence worldwide.
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What’s driving the slowdown in US EV demand?
The expiration of U.S. federal EV tax credits and changing regulations have contributed to a slowdown in demand. Additionally, increased competition and price pressures from Chinese EV manufacturers are impacting U.S. automakers' sales.
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Will government incentives like tax credits come back?
There is ongoing debate about reinstating or introducing new incentives for EV buyers. While current policies have expired or been reduced, future legislation could bring back tax credits or other support to boost EV adoption.
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What is China’s role in the global EV market?
China leads the global EV market with record deliveries and strong government backing. Chinese companies are rapidly developing new models and expanding exports, challenging Western automakers and shaping industry trends.
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How is GM adapting to the changing EV landscape?
GM is shifting its focus from aggressive expansion to strategic realignment, including suspending some production lines like BrightDrop vans and focusing on existing inventory. The company is also exploring new partnerships and markets to stay competitive.