By Battery Power Online Staff
January 16, 2026 | General Motors has followed Ford in cutbacks to its EV program according to SEC filings dated last week. GM expects to record fourth quarter charges of approximately $6 billion, primarily in North America related to the EV market.
“With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” said Christopher T. Hatto, GM’s Vice President, Global Business Solutions and Chief Accounting Officer.
Earlier in the year, GM proactively reduced EV capacity, Hatto outlined in the SEC filing, “including by pivoting the company’s assembly plant in Orion, MI from EV production to the production of full-size SUVs and full-size pickups powered by internal combustion engines.” GM also reduced battery cell capacity, including selling its interest in Ultium Cells LLC’s Lansing, MI facility to LG Energy Solution.
Even so, GM emphasized in the filing that, “our strategic realignment of EV capacity does not impact today’s retail portfolio of Chevrolet, GMC, and Cadillac EVs in production, and we plan to continue to make these models available to consumers.”
The squeeze is felt across the auto industry.
In mid-December, Ford Motor Company announced plans to shift its Ford+ plan, which boiled down to a nearly $20 billion loss on its EV business. “The operating reality has changed,” said Ford president and CEO Jim Farley in a press release. Calling it an effort to “follow customers,” Ford plans, “a decisive redeployment of capital” that includes adding hybrid and extended-range electric propulsion trucks and vans to its lineup while ceasing production of the current generation F-150 Lightning and a previously planned new electric commercial van.
