GM has redirected investment from EVs to producing V8 engines, scrapping plans to equip its plant in New York for EV production.
GM, despite achieving success in EV sales and market share, is now focusing on building a sixth generation of V8 engines at the Tonawanda plant with a record investment of $888 million.
The company surpassed Ford and Hyundai to become the second-largest seller of EVs in the US, with a significant increase in EV sales in the first quarter of 2025, particularly in the luxury segment.
GM is actively lobbying against pro-EV policies like revoking California's emissions waiver, while other automakers like Hyundai are expanding their EV production, questioning the narrative that EVs are not in demand.