Report: GM Is Slowing Down its EV Plans

"GM plans to delay the release of several electric versions of its SUVs and trucks, including the Hummer EV and the Silverado EV, to an as-yet-undetermined date."

"According to this report, GM's Factory Zero facility will continue to produce EVs, while Orion Assembly - once slated to also manufacture EVs - will instead focus on internal combustion-powered vehicles."

"The continued growth of charging stations suggests EV sales will continue to grow, but the timeline for widespread EV adoption in the U.S. looks a lot longer than it once did."

"Hyundai announced details of its compact Ioniq 3, a small EV with a range of over 300 miles, but there are seemingly no plans to bring it to the U.S. market at this time."

GM is postponing the release of electric trucks and SUVs, including the Hummer EV and Silverado EV, to an uncertain date. The company will continue EV production at Factory Zero, while Orion Assembly will focus on internal combustion vehicles. The U.S. auto market is experiencing a decline in small and mid-size vehicles, with a growing preference for larger trucks and SUVs. Despite the expansion of charging stations, widespread EV adoption in the U.S. is projected to take longer than anticipated.

Read at InsideHook