General Motors pushes back against California's EV mandate due to slowing demand

From Nasdaq: 2025-05-20 08:14:00

General Motors Company (GM) is now lobbying against California’s zero-emission vehicle mandate, citing market conditions and consumer choice. California aims for 35% of new vehicle sales to be electric or plug-in hybrid by 2026, but in the first quarter, only 24.5% met this target. EV sales are falling short, prompting automakers like GM and Ford to scale back EV initiatives.

Ford Motor Company (F) also faces challenges in the EV market, with declining sales and widening losses in its Model e segment. Tesla, Inc. (TSLA) is experiencing falling demand for EVs, leading to decreased deliveries and declining automotive margins. Overall, the EV market is facing challenges as demand slows and automakers adjust their strategies.

As EV demand slows, General Motors is urging lawmakers to block California’s strict zero-emission vehicle mandate. The company previously supported California’s goals but is now lobbying against them due to market conditions and declining EV demand. Other automakers like Ford and Tesla are also facing challenges in the EV market, with declining sales and margins.



Read more at Nasdaq: General Motors Urges Lawmakers to Block EV Mandate as EV Demand Slows