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GM Makes a Power Move, Shifting Focus from EVs Back to Gas Engines
Yahoo Finance· 2025-10-01 10:30
General Motors deserves credit for turning itself into the second-largest electric vehicle seller in the United States earlier this year, with its 62,000 sales through May leapfrogging Ford’s and trailing only Tesla’s. But the US electric vehicle tax credit, a major driver of growth, expired yesterday, and analysts expect sales to slide as a result. GM’s onetime ambition of going all-electric by 2035 is now best described as an object in the rearview mirror. The C-suite occupants of its downtown Detroit h ...