GM Faces Setback on 2025 EV Production Goal

CEO Mary Barra cites slower market development as reason for delaying 1 million EV target in North America.

General Motors will not meet its goal of producing 1 million electric vehicles in North America by the end of 2025.
CEO Mary Barra highlighted that the market for EVs is not growing as quickly as anticipated.
The company remains committed to an all-electric future and will adjust production based on customer demand.
GM has faced various challenges, including software and manufacturing issues, in its transition to electric vehicles.
Details on revised EV plans may be shared during the upcoming second-quarter results announcement.