GM takes $6 billion hit for backing away from EV’s
Jan 09, 2026
(CNN)– General Motors says it will lose another $6 billion as a result of its decision to pull back on electric cars.
This, on top of a $1.6 billion charge, the company disclosed in October for changes to its EV plans.
GM and other automakers invested heavily in EV plans in anticipation o
f 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.
But the Trump Administration has rolled back zero emissions rules, along with the financial support for EV’s.
Categories: News
Tags: General Motors
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