Carmakers’ ambitious plans for electrification are getting scrapped left, right, and center in America as a result of weak demand. The rollback on federal tax incentives is largely responsible for dwindling consumer interest, and manufacturers have shifted their focus toward hybrids in response. It came at a painful cost to several brands out there, with Ford writing off nearly $20 billion from its EV business, for instance.
General Motors was caught off-guard in a big way, as well, with third-quarter US deliveries of electric vehicles dropping 62.1% year-over-year in 2026. And it’s not like GM has an abundance of in-demand hybrid models to absorb some of that fallout, so its finances today are far from rosy. Case in point, Automotive News recently got wind of upcoming changes at a couple of GM plants up in Michigan.
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