General Motor’s $7.6 Billion Reality Check on EVs
General Motors has indefinitely delayed the next-generation refresh of its electric trucks and SUVs. No new deadline. No confident roadmap. Just a quiet admission that the plan isn’t working the way Washington, or the automakers themselves, promised. GM isn’t tweaking its EV strategy. It’s hitting pause, hard.
After pouring billions into electrification, GM is now sitting on $7.6 billion in EV-related losses from 2025 alone, including a massive writedown tied to scrapped production plans and battery commitments. At the same time, EV sales dropped 43% in the fourth quarter after government incentives dried up. Turns out, when the subsidies disappear, so does a big chunk of the demand.
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