Overview
- General Motors disclosed $7.1 billion in fourth-quarter special charges, including about $6 billion tied to unwinding U.S. EV investments and $1.1 billion for restructuring in China.
- The EV-related charges include roughly $1.8 billion in non-cash impairments and about $4.2 billion for supplier settlements and contract cancellations, with additional but smaller charges expected in 2026.
- GM said its current U.S. electric models remain on sale even as it trims capacity, halts some battery production temporarily, and retools plants toward combustion and hybrid vehicles.
- GM reported its EV sales fell 43% in the fourth quarter after the $7,500 federal tax credit ended, reflecting a broader market slowdown following the policy change.
- Deloitte’s 2026 survey found only 7% of U.S. consumers prefer an EV for their next vehicle, with range (47%), charging time (44%) and cost (40%) the top concerns, and a home-charging gap where 77% plan to charge at home but 53% lack a dedicated charger.