GM is really destroying itself. They sold their European business some years ago and next year their joined venture with SAIC in China is going to end. So the US production is really all they have left and that market just hates EVs. So they probably fail the EV adoption and will last until some strong competitor enters the US market with good EVs. I am not just talking about the Chinese, but also European car companies have some decent offerings these days, with a much better home market.
The ONLY thing GM does really well is fuckoff huge trucks… in the middle of a fuel crisis.
This plant made the Silverado and Hummer EVs. The two biggest, most expensive EVs, which are almost 10,000lbs and impossible to park. Detroit can’t get over the obsession with high profit tanks because Americans think bigger vehicles are worth paying more for.
That plan might have worked before Trump tanked the economy with tariffs.
The market doesn’t hate EVs, because otherwise Polestar didn’t be opening a plant in the USA to keep up with demand.
US EV market share is at 5.7%. That is low compared the rest of the world. Especially since the US is a rich country.
Because US EVs are pretty shit.
They’re either okayish but wayyy overpriced or just bad and still overpriced.
If BYD was allowed to sell there you’d probably see a huge jump in ownership.
US isn’t as rich as many think either - the oligarchy and corporations there are, the people not so much. It’s why car ownership in general is down there.
The sales-weighted average for new car sales in the US is $47k. That is a lot of money by global standards. Even in the US you can get something like the 2025 Hyundai Ioniq 6 for less then that and there are cheaper BEVs available as well.
Also car ownership in the US is insanely high.
The USA hates EVs and loves trucks because that’s what the advertisements have been telling them for 40 years.
Is Detroit becoming Detroit again?
When wasn’t it?
Heading towards bankruptcy?
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GM and Ford can’t go under soon enough.
Awful timing
