GM warns of $6B hit to revenue on EV pullback as demand plummets

General Motors said Thursday it might take a $6 billion charge to unwind some electric-vehicle investments, the latest automotive company to drag back from EVs in response to the Trump administration’s insurance policies and fading demand.

The charge stems from decreasing its deliberate EV manufacturing and the fallout on the provide chain, GM said in a regulatory submitting, and comes weeks after rival Ford Motor announced a similar but much bigger charge.

Most of GM’s writedown – a $4.2 billion money charge – is said to contract cancellations and settlements with suppliers, who had deliberate for a lot greater manufacturing volumes before the market turned.

Most of GM’s writedown – a $4.2 billion money charge – is said to contract cancellations and settlements with suppliers, who had deliberate for a lot greater manufacturing volumes before the market turned. Getty Images

GM said the writedown wouldn’t have an effect on its US lineup of roughly a dozen EV fashions, which is the industry’s broadest offering of battery-powered automobiles. “We plan to continue to make these models available to consumers,” it said in its submitting.

The company will document the charge as a particular item in its fourth-quarter earnings report. It expects to incur further costs in 2026 as a result of negotiations with its provide base, however expects them to be less than its 2025 EV costs.

This is a developing story. Please examine back for updates.

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