General Motors delays opening electric-truck factory as EV demand wanes
Business,General Motors,Electric Vehicles,Ford,Tesla
General Motors has pushed back plans to convert one of its Michigan assembly plants into an electric-pickup truck factory amid a slowdown in demand for electric vehicles.
The move is the latest sign that electric vehicle production and demand may not be as strong as forecast.
GM had been set to begin production of the electric Chevrolet Silverado and GMC Sierra in late 2024 at the suburban Detroit plant.
The company said the plan now is to start it in late 2025.
The delay is happening “to better manage capital investment while aligning with EV demand,” the automaker told The Post on Wednesday.
Though EV sales in the US grew 51% in the first nine months of the year, the advance is well below the 71% sales surge in vehicles for the same period last year.
