GM, Ford, and Stellantis reevaluate EV plans
The US EV market has been challenging for automakers, with low sales volumes and profitability issues.
Despite record sales pace in 2025, only nine EV models sold over 10,000 units in the third quarter.
GM, Ford, and Stellantis lose money on every EV sold, but still see EVs as the future of transportation, citing hybrid model success and Tesla’s performance.
The $7,500 EV tax credit expiration has also impacted sales, with quarterly EV losses down several hundred million dollars year over year due to lower volumes, affecting the $19.5 billion industry.