Many automakers spent the past few years racing to electrify their lineups, betting heavily that global demand for electric vehicles would surge. The industry poured billions into new EV battery plants across the world, particularly in North America.

Now, a new report suggests that much of that production capacity could end up sitting idle by the end of the decade.

Overcapacity Ahead

AlixPartners speculates that global production of EV batteries will be roughly three times greater than demand for EVs in 2030. By that time, EV battery production capacity in North America is expected to roughly quadruple.

According to Nikkei Asia, many manufacturers are already scaling back their ambitious battery production plans. Ford, one of the most aggressive investors in U.S. battery manufacturing, is a prime example. The company is building a $5.8 billion facility in Kentucky with its partner SK On, which is expected to employ about 5,500 people by 2030.

Read: Massive US Battery Plant Grinds To A Halt After Trump’s Tariffs

However, the Blue Oval already reduced its planned battery capacity by 35 percent. It also recently halted production of the F-150 Lightning indefinitely due to dwindling demand in North America.

General Motors has also been forced to make changes. It has been confirmed that 1,550 workers at the battery plants it operates alongside LG Energy Solution in Ohio and Tennessee will be sacked due to “slower near-term EV adoption and an evolving regulatory environment.”

Nikkei Asia also reports that Panasonic opened a new battery factory in Kansas in July, but has yet to say when it will reach full-scale production. Initially, it was expected to hit this mark by the end of the 2026 fiscal year. However, as a major supplier to Tesla, it has been affected by the fall in demand for EVs as well.

Slowing EV sales in the States have led to the cancellation of some endeavors entirely. T1 Energy was planning to build a battery plant in Georgia, but has since canned the project.

Changing Policy Winds

The Trump administration’s policies have further tilted the scales toward internal combustion vehicles. By removing the $7,500 federal EV tax credit and scrapping penalties for missing emissions targets, the government has made it easier for carmakers to ramp up traditional ICE production once again.

Source: Nikkei Asia

General Motors is doubling down on its US operations with a fresh round of investment aimed at boosting local production of internal combustion models at its Ohio and Michigan plants. The automaker has announced $550 million in new spending as part of nearly $5.5 billion set aside for wider production expansion across its network.

Roughly $250 million of that sum is headed to GM’s Parma Metal Center in Ohio, a facility central to the company’s manufacturing backbone. The added funding will support higher output of sheet metal stampings and assemblies.

Currently, the Parma site produces more than 100 million parts each year and handles over 400 tons of steel daily. It supplies components for a wide range of GM vehicles built across North America, making it one of the company’s most productive operations.

Read: GM’s EV Plant Will Now Build The Gas Models People Actually Want

“Our commitment to Parma Metal Center isn’t just about upgrading equipment—it’s about investing in the people who make it all happen,” GM senior vice president of global manufacturing, Mike Trevorrow, said.

“Our manufacturing teams are the driving force behind GM’s success, and we’re committed to giving them the tools and training they need to excel in today’s advanced manufacturing world. When we invest in our workforce, we’re not only building great vehicles—we’re helping secure the future of American manufacturing.”

Other Investments

Beyond Ohio, GM is allocating $300 million to its Romulus Propulsion Systems plant near Detroit. The upgrade will expand output of the company’s 10-speed automatic transmissions, the same units found in its full-size pickups and SUVs.

Shifting consumer demands have forced GM to make significant production changes. Its Orion Assembly plant has been down since 2023 and was originally being retooled to build electric pickup trucks, but it will now instead handle production of gas-powered Chevrolet Silverado, GMC Sierra, and Cadillac Escalade models.

Looking further ahead, GM confirmed that production of the gas-powered Chevrolet Blazer will move from Mexico to its Spring Hill plant in Tennessee in 2027.

There, it will join the Cadillac XT5, Lyriq, and Vistiq on the production line, another sign that while GM’s electric future is still in motion, its gasoline-powered present remains very much alive.

The world’s largest automotive market has become a linchpin for General Motors, a place where nearly all its brands are striving to secure a stronger presence. To that end, GM’s China Advanced Design studio has unveiled another fresh concept study, a “sporty EV” created specifically with Chinese buyers in mind.

The exploration sketches and renderings were made by GM designer Charles Huang at the company’s Shanghai facilities. They show what looks like a small crossover – some might even see shades of a future Bolt – with oversized wheels and a contrasting bi-tone paint scheme.

More: Buick’s New Concepts Look Suspiciously Ready For Production

At the front, the concept trades a traditional grille for a clean, enclosed surface with split LED headlights and a Chevrolet emblem that may light up. The bodywork is restrained, defined by crisp lines and minimal decorative detailing.

The most striking element is the wraparound glasshouse, framed by a thick C-pillar that seems to clasp the rear of the vehicle. The contrast between the deep blue and black tones amplifies this visual tension.

GM Design / Instagram

According to the designer, the profile is inspired by a “released arrow”, an idea most evident in the early sketches. The later, photorealistic renderings dial the drama back, edging closer to something feasible for production.

In fact, it’s easy to picture this crossover parked in a Chevrolet showroom, fitted with regular mirrors and door handles, of course, assuming those still have a place in modern EV design.

The presentation on the GM Design Instagram profile doesn’t include any sketches of the interior. We don’t have any specs, either, although a rear-mounted electric motor and a medium-sized battery pack would probably do the job.

More: GM Imagines Tomorrowland’s EVs And They’re Nothing Like Today

The EV seems to have a similar length to the Chinese-spec Chevrolet Tracker RS and the US-spec Bolt. That puts it below the Trailblazer, Trax, Equinox EV, and Blazer currently sold in the States.

While the Chevrolet concept is just a design study with no production intent, GM is working on multiple affordable EVs for the future. It is safe to assume that at least some of them will adopt an SUV bodystyle, possibly similar to the “sporty EV” depicted in the sketches.

Though GM describes the project as a design study with no immediate production intent, it arrives at a time when the company is actively developing several affordable EVs for many markets. It’s likely that some of those models will borrow cues from this study, especially the SUV silhouete.

Buick is enjoying solid momentum in China, with consistent demand for the Envision SUV, LaCrosse sedan, and GL8 minivan keeping showrooms busy. Even so, the design team continues to push forward, developing fresh ideas and refining future models.

Two of these design studies just appeared on the General Motors Design Instagram account: one is a family compact SUV, the other a sportier crossover estate. Different takes, but both look unusually ready for production.

More: Buick’s Flagship Sedan Concept Looks Like A Citroen DS Beamed In From The Future

Both concepts were developed at the GM Advanced Design studio in Shanghai, China. One is designed by Sangmin Kim, while the other is designed by Yixuan Feng.

GM Design / Instagram

Starting with the more conventional concept, it’s described as “a fun, family-oriented premium Buick design study” created around the theme “driving in comfort.”

Up front, split LED headlights feature futuristic internal graphics, compensating neatly for the absence of a traditional grille. Along the sides, large bi-tone alloy wheels fill the arches, framed by glossy black cladding and muscular fenders.

The thick C-pillars flow into a rear spoiler that wraps around the back window, where the taillights are integrated beneath the glass. The rear also features a wide tailgate and a sculpted bumper with a discreet diffuser. Despite modest ground clearance, the upright front end, roof rails, and protective cladding lend it an SUV stance reminiscent of the Kia Niro.

Buick hasn’t revealed technical details, but the proportions seem to place this concept between the 171.4 inches (4,355 mm) of the Encore GX and the 182.7 inches (4,645 mm) of the Envision.

GM Design / Instagram

The next concept is described as a “small, expressive premium Buick design study” built around the idea of “driving pleasure.” It adopts an aerodynamic crossover hatchback or estate profile, complete with suicide doors and a split tailgate.

The front end features an illuminated grille, slim headlights, and ADAS sensors hidden in the bumper intakes. The forged aluminum wheels have shiny chrome accents, while the surfacing in front of the toned rear shoulders looks inspired by Lexus.

More: GM Imagines Tomorrowland’s EVs And They’re Nothing Like Today

Other highlights include the panoramic sunroof, the flying buttresses, the swooping rear glass, and the reflective taillights. Overall, the model appears to be smaller in size compared to the Electra-L Shooting Brake concept from 2024.

What’s Next For Buick?

Buick’s design language is shifting toward New Energy Vehicles (NEV), and both of these concepts seem well-suited to fully electric or range-extender setups.

While the models are labeled as design studies, they could easily pass for production vehicles, as they don’t have any wildly futuristic features. Buick is reportedly working on an electric subcompact crossover, which is set to arrive before 2029, followed by a new generation of the Encore GX.

GM Design / Instagram

For the first time in nearly twenty years, the CEOs of Ford, General Motors, and Stellantis may once again share a table before Congress. The Senate Commerce Committee has called on Ford’s Jim Farley, GM’s Mary Barra, and Stellantis’ Antonio Filosa to testify on January 14 in a high-profile hearing exploring the auto industry’s outlook on federal transportation policy and vehicle affordability.

The session will also delve into the uneasy transition toward electrification, a subject that continues to divide policymakers and automakers alike. Tesla’s VP of Vehicle Engineering, Lars Moravy, has been invited to join the discussion, adding an electric perspective to the mix.

More: Lawmakers Demand Answers From Hertz On AI Rental Damages System

The last time all three Detroit bosses appeared together on Capitol Hill was late 2008 during the financial crisis, bailout negotiations, and a moment when the industry’s future looked genuinely uncertain. This time, the pressure points are different but no less significant.

Why Bring Them Together Now?

Senator Ted Cruz, who’s spearheading the hearing, has titled it “Pedal to the Policy: The Views of the American Auto Industry on the Upcoming Surface Transportation Reauthorization.”

Based on reporting from the Union-Bulletin, the sessions will probe fuel economy and emissions mandates, tariffs, federal EV policy, new-vehicle pricing, and how automakers plan to navigate the next decade. Cruz frames the meeting as a long-overdue reality check on affordability.

“The average price of a car has more than doubled in the past decade,” said Cruz, blaming “onerous government-mandated technologies and radical environmental regulations.”

What’s Driving Up Costs?

No doubt, the average transaction price (ATP) of a new car is quite high these days. Data from Cox Automotive shows that it surpassed $50,000 in September.

A decade ago, that figure was in the low $30,000s. Notably, analysts think the shift is due to several factors, including, but not limited to, regulation. Inflation, tariffs, higher-end trims, and the introduction of more EVs all have a part to play.

Also: EVs Now Sell Faster Than Gas Cars In The Used Market

Republicans say policy changes earlier this year, including repealing federal EV mandates and CAFE targets under the One Big Beautiful Bill Act, are steps toward lowering prices. However, Cruz argues lawmakers need to go further. This is all happening at a critical point in the U.S. automotive industry too.

The debate comes at a pivotal moment for the U.S. auto sector. The United States-Mexico-Canada Agreement (USMCA) faces renewal or renegotiation by July 1. If it lapses, the fallout alone could drive vehicle costs higher, regardless of any new legislation.

Source: Union-Bulletin

In 1969, the automotive world was a study in contrasts. Two concept cars, each wearing the same 512 badge yet conceived on opposite sides of the globe, were redefining what “experimental” could mean.

One was the competition-inspired V12-powered Ferrari 512 S Berlinetta Speciale, a supercar wedge that pre-dated the Lamborghini Countach concept by two years and looked like it could break the sound barrier. The other was a tiny orange ball of an EV from GM that could barely break the speed limit outside a school.

Related: GM Quietly Plots A Family Of Low-Cost EVs After New Bolt

We’ve taken a look at GM’s 512 Electric Experimental before, but the automaker has really jumped on the modern EV trend since then and has a new Chevy Bolt out for 2027, so the time feels right to throw the spotlight on it again.

How Small Is Small?

Designed strictly for urban duties and part of an entire family of experimental GM microcars displayed at the Transpo ’72 trade show that used a mix of electric, petrol and hybrid engines, the 512E was every bit as tiny as it looks in these pictures.

Measuring just 86.3 inches (2,190 mm) long and 56 inches (1,420 mm) wide, it was an incredible foot (300 mm) shorter than an original Smart ForTwo and 3 inches (75 mm) narrower.

Access to its two seats was through a weird combination of a lift-up canopy that makes it look like a helmet with the visor up and side-hinged front door that reminds us of one of those grandma bathtubs for the mobility impaired.

Tiny wheels are pushed into each corner and wear fat rubber, like the kind of thing you’d see on tuned Mini in 1969.

The wraparound canopy must make for excellent visibility, though even if it had A-pillars like elephants legs you’d have plenty of time to look around them.

Slow And Steady Power

The top speed is just 30 mph and it takes 12 seconds to get there, which sounds terrible until you remember that the Citroen Ami, the modern incarnation of this very idea, is also restricted to a similar speed (28 mph / 45 kmh).

More: Secret Corvette Prototype GM Never Wanted You To See Is Going To Auction

Citroen quotes a 47-mile range, which the 512E beats by 11 miles (though certainly measured differently), but the Ami can be fully charged in four hours compared with seven hours for the GM satsuma.

Where they differ most, of course, is in the design of the batteries providing those range miles. Like all modern EVs, the Ami uses lithium ion batteries, whereas the 512E relies on old-fashioned lead-acid packs from Delco-Remy.

The fiberglass-bodied GM car is still surprisingly light at 1,250 lbs (567 kg), though the Ami is lighter still at 1,065 lbs (483 kg).

The 512E project didn’t put a tiny EV in Chevy showrooms during the 1970s or 1980s, but the fact that GM unveiled the Impact EV concept, and put it into production as the EV1 six years later, proved that it hadn’t given up on the idea of small electric cars.

Half a century later, GM is still in that game, this time with the upcoming 2027 Bolt, though one can’t help but wonder how much more fun it’d be with a flip-up canopy and a hint of that 1970s optimism.

GM

The EV1 from General Motors is widely regarded as the original mass-market, purpose-built electric vehicle, although it was never manufactured in significant numbers. In fact, only a touch over 1,100 were ever produced across two generations, and very few of them exist nowadays.

Given the car’s importance in the history of EVs, as well as its rarity, it perhaps comes as no surprise that when one hit the market this week, it attracted a lot of attention.

However, no one could have expected that it would sell for a staggering $104,000. To put it into perspective, that’s more than a brand-new Tesla Cybertruck.

Read: Study Says The Same Problems Faced By The EV1 Remain Today

GM never actually sold the EV1 and only leased it to customers. When it controversially decided to kill the project, it took back customer cars and crushed them. It’s understood that roughly 40 were kept by the company. While some remain in private hands, most were donated to universities and museums.

The example in question is a 1997 version that was listed for sale through Peak Auto Auctions in Atlanta after being towed. Very few details were provided about it but it’s clearly been sitting outside for a long time, and both the windshield and front side window are smashed.

Is It Worth Saving?

An investigation by The Autopian revealed the car had been marked as abandoned by the Clark Atlanta University Public Safety agency, which may explain why it ended up here.

It’s thought to be VIN V212 and was originally delivered in Arizona. At one point, it held the unofficial altitude record for an EV1, reaching 10,500 feet, GM Authority reports.

Given that the car has probably been sitting outside for a long time, potentially years, there’s a good chance it will need some serious TLC to be brought back to life. Sourcing replacement parts could be a tall order, but clearly, the winning bidder thinks the car is worth a lot of money.

Images: Peak Auto Auctions

While some Land Cruiser fans are thrilled that Toyota has added a smaller, more affordable model to the lineup with the FJ, many in America were disappointed to learn the new version won’t be sold locally.

Looking through the photos released by Toyota, we couldn’t quite put a finger on what the Land Cruiser FJ reminded us of, aside from the obvious Hilux Champ it’s based on. Then it clicked, after we came across a GM-built model from China that’s now going global.

Read: Toyota’s Baby Land Cruiser FJ Looks Retro Enough To Break Your Heart

The vehicle in question is sold in China as the Baojun Yep Plus and was developed through the GM–Wuling joint venture. It’s not a focused off-roader like the new FJ, nor is it powered by a traditional combustion engine, but rather by an electric powertrain.

Now, we’re not suggesting the FJ copied the Baojun Yep Plus, but it gives off a similar vibe, and to our eyes, it looks every bit as good, if not better, than Toyota’s baby FJ Cruiser.

From the side, the two share a similar silhouette, though the GM model is noticeably smaller at 157.3 inches (3,996 mm) long, 69.3 inches (1,760 mm) wide, and 68 inches (1,726 mm) tall, with a 100.8-inch (2,560 mm) wheelbase, compared with the Toyota’s 180.1 inches (4,575 mm) in length, 73 inches (1,855 mm) in width, and 77.2 inches (1,960 mm) in height, riding on a 101.6-inch (2,580 mm) wheelbase.

Technically, that makes it a baby version of the baby Land Cruiser FJ.

The Yep Plus has the same boxy proportions as the FJ, though its bumpers are smoother and more rounded since it’s not built for off-roading. It also forgoes the Toyota’s jagged wheel arch extensions, while the positioning of the headlights and taillights appears closely aligned.

That said, the FJ’s taillights sit quite high and jut slightly from the body, while the Baojun’s units are more neatly integrated into the rear fascia.

There’s no doubt that weaving retro cues into a new design, as GM and Wuling have done with the Yep Plus, helps it resonate with a wider audience. Toyota has taken a similar route with the FJ, giving it a retro-modern character that plenty of buyers would likely appreciate. It’s just a shame it won’t reach the United States.

Brazil Gets its own Baojun

In July, GM revealed that it would export the Yep Plus to Brazil, rebadging it as the Chevrolet Spark EUV. It will be sold as standard with a 42 kWh battery pack and a single rear-mounted electric motor with 101 hp and 133 lb-ft (180 Nm) of torque, giving it 249 miles (401 km) of range on the CLTC cycle.

While we’re not convinced it would sell in big numbers if launched in the U.S. as an affordable EV, it could find success with a small, efficient combustion engine paired with a more rugged makeover featuring wider fenders and extra plastic cladding. What do you think?

2025 Chevrolet Spark EUV

2025 Toyota Land Cruiser FJ

The autonomous driving space is always shifting, and today General Motors revealed that buyers of the 2028 Cadillac Escalade IQ will be able to drive without watching the road. That’s only one part of the automaker’s new announcements that also include Google Gemini and Vehicle-to-Grid power.

Moving Autonomy Forward

Eyes-off driving is something plenty of automakers have talked about, but few are even close to delivering. General Motors currently sells cars with Super Cruise, a Level 2 system that can accelerate, brake, and change lanes.

However, it can only do this on specific highways and the driver must maintain attention on the road at all times. That said, it’s Super Cruise that is laying the foundation for eyes-off driving.

More: I Tried Out GM’s Smarter Super Cruise And It Feels Promising

So far, GM says Super Cruise has accrued some five million miles without a single accident attributed to it. The car of the future won’t just let you drive without watching the road – it’ll also let you leverage Google‘s AI bot Gemini to do all sorts of things.

That includes changing settings in the car, but it goes further to the extent that it should be able to learn driver preferences. Think of it as a supercharged version of the memory button.

Rather than just remembering seating and mirror position, it could remap the media buttons, change the display layout, automatically pull up navigation to a routine destination, and more.

Launching next year, it’ll even give drivers guidance on one-pedal driving, monitor maintenance, and help with things like finding a place to eat.

Going Beyond Cars

GM isn’t stopping at AI and autonomous driving. It appears to be picking up some of the Tesla playbook as it says it’ll soon offer bidirectional EV charging, solar integration, and a stationary home battery.

In other words, owners will have the opportunity to sell some of their extra juice back to the grid and then purchase it again later when rates are lower.

Apparently, while electric vehicles might not be growing as rapidly as they used to, the technology around them continues to mature – and that can only be good news for consumers.

Under the Biden administration, carmakers enjoyed four years of predictable policy and a clear push toward electrification. Since 2005, some form of tax credit has existed to reward buyers of low-emission vehicles. Then came January.

Donald Trump’s return to the Oval Office promptly threw a wrench into that setup, with his administration scrapping the EV tax credit, lifting penalties for exceeding emissions targets, and generally adopting an anti-EV posture that left automakers recalibrating overnight.

Now, car manufacturers are facing an uphill climb. Following the removal of the federal EV tax credit at the end of September, General Motors says it has already seen a “significant” decline in demand. Even so, the company expects things to settle into a more predictable rhythm soon enough, lbeit at a lower pitch than before.

Read: EV Tax Credit Loss Will Cost GM $1.6 Billion

“EV demand is going to be pretty choppy for the near future, we think, as we come out of the $7,500 and what we’ve already seen in October with some pretty significant pullback in demand,” GM chief financial officer Paul Jacobson said during a recent earnings call. “We do think that the EV market is going to stabilize from a supply standpoint.”

Jacobson added that emissions regulations had turned parts of the EV market into a clearance aisle, with some brands practically giving away electric cars just to rack up environmental credits.

“We had a number of competitors out there that really were selling EVs for whatever they could get for them because they really wanted to get the credits on the environmental side,” he said.

While he didn’t call anyone out by name, Jacobson was referring to the regulatory credits automakers could earn from selling EVs under the previous scheme. If they failed to bring about enough credits or didn’t purchase them from a brand like Tesla, they faced fines.

GM’s EV Future

Moving forward, GM appears confident in the future of EVs. Chief executive Mary Barra refers to them as the company’s “North Star” and said the company won’t “know what true EV demand is” until early next year.

Despite the uncertainty, GM doesn’t plan to discontinue any of its current models and will focus on reducing costs over the coming years. For example, it’s working on reducing complexity and commonizing parts across its dedicated EV platform.

“We’re [also] investing in new battery technologies, LMR (lithium manganese rich), that will allow us to take cost out of the vehicle in a significant fashion,” said Barra.

General Motors has ended production of their slow-selling BrightDrop vans. The models were made at CAMI Assembly in Ingersoll, Ontario and the company said the “commercial electric delivery van market developed much slower than expected.”

The automaker began producing the vans in late 2022, but the launch was a mess as BrightDrop was its own brand and had a tiny dealership network.

BrightDrop vans were eventually folded into Chevrolet last year, which promised to significantly expand sales beyond seven locations in the United States.

More: BrightDrop Becomes Part Of Chevrolet

Things didn’t pan out and unsold vehicles started piling up. GM recently offloaded 59 vans by donating them to the American Red Cross, but that was a drop in the bucket and the company paused production earlier this year.

Production was originally supposed to resume in May, before stopping again to allow for retooling for the 2026 model year. While production did briefly resume in May, BrightDrop is now dead and there will be no 2026 models.

GM blamed the move on a variety of factors including slow sales, a changing regulatory environment, and the elimination of tax credits in the United States.

They added the axing was part of “broader adjustments” being made to electric vehicle capacity in North America.

Needless to say, blue collar employees are getting the shaft for GM’s bad bet on EVs. In this case, the company said “hourly employees will receive six months of salary and the potential for lump sum payments and other benefits.” Furthermore, CAMI Assembly will be “assessed for future opportunities.”

The Unifor union was outraged and claimed the decision was the result of the Trump administration’s “dangerous and destabilizing auto policies.” Of course, that’s glossing over the fact that sales have been terrible for years.

However, this didn’t stop Unifor National President Lana Payne from saying, “The reality is that CAMI was hit from both directions by Trump as he aggressively acted to undo EV supports and hit Canadian auto assembly plants with a 25% tariff. Now more than 1,000 workers and their families are paying the price for Trump’s political interference and GM’s failure to hold the line.”

Other union officials said GM “abandoned” their employees, who “deserve a future at CAMI – not a dead end.” The anger is being further flamed by the decision to eliminate a shift at Oshawa Assembly in January, “heightening concerns about GM’s long-term manufacturing footprint in Canada.”

Given these developments, Unifor said they will meet with GM and the Canadian government to immediately “press for a new product mandate and ensure CAMI remains a pillar of Canadian auto production.”

GM Canada President Kristian Aquilina said, “The decision to end production of the BrightDrop electric delivery van is driven by market demand and in no way reflects the commitment and skill of our workforce at CAMI.” He added, “This continues to be an uncertain time for our workforce at CAMI, and we are committed to working closely with our employees, Unifor, and the Canadian and Ontario governments as we evaluate next steps for the future of CAMI.”

The auto industry has entered a new phase, one where old hierarchies no longer guarantee dominance. Long gone are the times when legacy automakers could dismiss emerging new rivals from China.

Read: GM Quietly Plots A Family Of Low-Cost EVs After New Bolt

Now, a company like General Motors knows it needs to move faster and think sharper to keep pace with China’s electric vehicle powerhouses. According to its president, that means building new models at a speed that would once have seemed impossible.

On average, a new model from a Chinese EV brand has a typical development cycle of between 22 and 28 months, far quicker than the 32–48-month average for western automakers. GM president Mark Reuss knows the speed of its new competitors is something they need to match.

How Fast Is Fast Enough?

“I would say we can learn a lot from the speed,” he told InsideEVs during a recent podcast. “I don’t think that copying each other and trying to price each other out of the market is necessarily a great thing.”

Reuss noted that Chinese brands often use the same base of suppliers and can quickly adopt innovations, helping to speed up development times. However, he acknowledged that it can be difficult for these carmakers to make money unless they also sell batteries.

“They benchmark the heck out of each other, and then they will copy it and put it into production, so it’s a very rapid cycle because of that,” he said. “There are a lot of companies that come and go, and they come and go often. Unless you’re selling batteries, it’s a pretty tough financial deal to make money over there.”

GM is far from the only car manufacturer that needs to speed up development times. Last month, Audi said it was going “China speed” with the development of the next-generation TT, aiming to launch it just 30 months after the project was approved

Less than two weeks later, BMW raised the stakes, claiming that even Chinese firms can’t match its momentum as it develops the Neue Klasse vehicles. The Bavarian company has pledged to roll out 40 new and updated models within the next two years, signaling again that the global race for speed in electric vehicle development is very much underway

The long-awaited 2027 Chevrolet Bolt arrived earlier this month, carrying a host of mechanical upgrades while retaining a shape that feels immediately recognizable.

Only time ans sales will tell if this new model proves to be a success, but GM is eager to follow it up with several other affordable EVs. Evidently, it has the confidence that demand for cheap electric cars will rise.

What’s Coming Next?

While recently speaking about the company’s future plans, GM president Mark Reuss said a family of new EVs is on the cards, but he kept many important details close to his chest.

Read: New Chevy Bolt Is Back But Costs Thousands More Than The Leaf

“What comes after this, whether it’s called a Bolt or not, will be a family of things that is low-priced,” Reuss told InsideEVs. “And when I say family, they won’t be adopted. They’ll be in the same vein of size and price.”

What this likely means is that some of these models will probably be Bolt-based, while others will be distinct models, likely similar in size and price to the Bolt. According to Reuss, some of these models will slot into “white spaces” across the industry.

“I also think there’s some white spaces in size, class, of forms—not only the Bolt that we just introduced but also some different things, for different people’s styled tastes,” he noted.

Bolt Tech

The new Bolt is underpinned by a 65 kWh lithium-ion phosphate battery pack, offering up 255 miles (410 km) of driving range in standard guise.

The new battery also supports 150 kW DC fast charging, a big increase from the 50 kW of the old model. Future affordable EVs from GM could be offered with the same battery.

Reuss noted that their new EVs will use different cell technology from old models, potentially indicating the wider adoption of LFP batteries like the Bolt.

GM is also known to be developing lithium manganese-rich batteries that are expected to launch in 2028. These new batteries promise improved range and higher energy density than LFP cells.

When the GMC Hummer EV came out, it broke the internet. Fans were eager for its return, huge celebrities endorsed it, and the first units went for hundreds of thousands of dollars. Dealers asked for double MSRP, but times have since changed. Like a lot.

Now, even with discounts that reach $40,000 or even more in some cases, GM is finding it difficult to move its mighty electric giant. To put that in perspective, the markdown alone exceeds the price of a brand-new BMW 228 Gran Coupe, which starts at $39,600 in the US!

Market Reality

That’s not to say that suddenly GMC‘s truck is a stellar deal. Expressway GMC in Mount Vernon, Indiana, demonstrates both sides of this coin beautifully. One 2024 Hummer EV SUV 3X Omega Edition has a list price of $99,780, including a $42,550 rebate.

Read: Depreciation Crushed This Tesla So Hard After Just 18 Months, It’s Almost Laughable

According to GM Authority, Jerry’s Buick GMC in Weatherford, Texas, isn’t far behind with a discount of $40,648 off another Omega Edition. As a reminder, the Omega Edition is basically a fully-loaded Hummer EV with every bell and whistle, along with unique matte Neptune Blue paint.

Apparently, the rich features haven’t been enough to justify the price, and buyers have withered up.

Oversupply Blues

GMC provides an online tool to search for units nationwide, and there are 130 Omega Editions sitting around waiting for buyers. In addition, another 155 Hummer EVs are also gathering dust on dealer lots.

Oh, and those are just the 2024 model year units that have basically been around since late 2023. In addition, there are over 2,300 units from the 2025 model year and another 1,816 already on lots as 2026 units.

Also: This Hummer EV Lost $45K Without Ever Touching a Driveway

In other words, if you’re in the market for a GMC Hummer EV, you’re spoiled for choice with over 4,400 of them sitting around. To help dealers move these units, GM is using a program called Dealer Rent A Car (DRAC).

In essence, dealers temporarily use Hummer EV units as loaners, and after they accumulate a few thousand miles, the dealers sell them at steep discounts.

The moral of the story? For anyone who didn’t cave to early markups, patience has officially paid off… for some, to the tune of six figures.

The removal of the federal electric vehicle tax credit at the end of September is set to cost General Motors as much as $1.6 billion in the next quarter, a direct result of the adjustments it must make to its electric vehicle strategy.

This follows Ford’s recent announcement that it will write down up to $400 million in manufacturing assets and reduce $1.5 billion in EV-related spending, scaling back projects including a three-row electric SUV and a full-size electric pickup.

Industry Recalibration

In its third-quarter report, GM confirmed that its board of directors had approved $1.6 billion in charges tied to what it described as the “strategic realignment of our EV capacity and manufacturing footprint to consumer demand.”

Read: GM Pulls Off Its Strongest US Comeback In A Decade But One Brand Is Slipping

The company specified that $1.2 billion of that amount relates to adjustments in its EV capacity, while the remaining $400 million stems “primarily from contract cancellation fees and commercial settlements associated with EV-related investments, which will have a cash impact.”

GM also noted that “it is reasonably possible that we will recognize additional future material cash and non-cash charges that may adversely affect our results of operations and cash flows.”

GM emphasized that the measures it’s taking will not affect its existing range of electric models sold under the Chevrolet, GMC, and Cadillac brands.

Electric vehicle sales in the United States climbed sharply through the third quarter, yet GM cautioned in its filing that it expects “the adoption rate of EVs to slow” due to “the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations.”

During the July-September period, GM’s sales of electric vehicles rose 107 percent and have increased 105 percent year-to-date. In Q3, it sold a total of 66,501 EVs, and Chevrolet cemented its position as the second-largest EV brand in the country. In addition, the Equinox EV was the best-selling non-Tesla-branded electric vehicle.

For all the talk about market forces shaping the car industry, it still seems that government incentives are doing most of the heavy lifting for electric vehicles. Or at least they were, until the end of September, when the federal tax credits officially ran out.

Read: Expiring EV Tax Credit Sent Tesla Sales Into Overdrive But Its Flagships Crashed

As much as 90 percent of all battery-electric and plug-in hybrid vehicles sold in the United States through the first nine months of the year are believed to have benefited from some form of tax credit, according to market research firm Rho Motion.

A Surge Before the Deadline

The end of the federal EV tax credit on October 1 set off a nationwide rush for qualifying models, driving record sales for several brands and pushing overall EV demand to new highs in August and September.

This year, the EPA determined that 20 battery-electric vehicles and a single plug-in hybrid model were eligible for the New Clean Vehicle Credit, valued at up to $7,500. These vehicles together accounted for 55 percent of all EV sales from January through September.

Leasing Loopholes and Fleet Boosts

Of equal importance in propping up sales was the lesser-known Qualified Commercial Clean Vehicle Credit, also valued at up to $7,500.

This credit was available for vehicles weighing less than 14,000 lbs and aimed at fleet and business buyers. This is also the credit that allowed car manufacturers to claim the tax credit themselves, and then to reduce the lease price on new vehicles.

Notably, leased passenger cars and trucks were not subject to the same sourcing and assembly requirements as purchased vehicles. They also didn’t need to be built in North America, which made leasing an especially attractive option for both manufacturers and buyers.

As the September 30 axing date for the credits drew closer, sales of electrified vehicles surged across the United States. As noted by Rho Motion, Ford sold 30,612 battery-electric vehicles in the third quarter, a huge 86 percent increase from Q2.

Additionally, GM’s BEV sales jumped 44 percent to 66,501 units. Tesla also reported a 27 percent sales increase, and Hyundai also enjoyed substantial growth, thanks to a more than doubling of demand for the Ioniq 5.

What Comes After the Incentives?

It remains to be seen how sharply BEV and PHEV sales will dip in the fourth quarter now that the tax credit has ended. Rho Motion expects demand to “decline sharply.”

The research firm also points out that tariffs, high local manufacturing costs, and relaxed fuel efficiency standards are likely to deter investment in domestic EV production, creating further pressure on demand in the months ahead.

In an era where many companies suck up to the Trump Administration, Ford and GM dared to be different. They rather blatantly exploited a loophole to extend the clean vehicle tax credit beyond its September 30 expiration date.

There’s a lot of back story, but the IRS released guidance earlier this year saying the credit could be extended to vehicles received after September 30 as long as there was a “written binding contract” as well as a nominal down payment.

Playing the System

To take advantage of this, Ford and GM used their financing arms to place down payments on EVs and stop the clock. This means they could then lease those vehicles to consumers at discounted rates.

More: Ford And GM Found A Clever Loophole To Keep The EV Tax Credit Alive

Needless to say, this raised a lot of eyebrows and Ohio Senator Bernie Moreno wasn’t happy. In a letter to Treasury Secretary Scott Bessent, he said the IRS guidance was “being taken advantage of by certain car companies who wish to continue bilking the U.S. taxpayer.”

He added, they’re “gaming this guidance by instructing their captive financial entities to enter into written binding agreements with dealers for electric vehicles, paying a nominal down payment, to secure the credits on vehicles that may not be leased to the end user for months.”

Moreno also mentioned the “Green New Scam,” so that might tell you about his feelings towards EVs. Regardless, GM and Ford have apparently decided the bad optics and pressure weren’t worth it.

Backing Down

GM was the first to fold and they were quickly followed by Ford. As a spokesperson told Reuters, “Ford will not claim the EV tax credit, but will maintain the competitive lease payments we have in the market today.”

Speaking of which, Ford is promoting a 2025 Mustang Mach-E Select lease for $253 per month. That’s for 36 months with $3,493 due at signing and an allowance of 10,500 miles (16,898 km) annually. Of course, there are plenty of caveats.

In a market where federal tax credits are no longer cushioning electric car prices, the upcoming 2027 Chevrolet Bolt arrives as GM’s latest attempt to keep affordable EVs within reach. Shown off quietly to existing owners, the 2027 model rolls in at $29,990 including destination fees, offering a handful of upgrades over its predecessor rather than any sweeping reinvention.

Read: 2027 Chevy Bolt Just Showed Up Completely Undisguised At A Tesla Station

This represents a modest price increase over the 2023 model that was discontinued two years ago, and although it remains the most affordable EV from an American brand, the new Bolt still sits several thousand dollars above the entry-level 2026 Nissan Leaf, which is due to arrive next spring starting at $25,360.

Production and Core Specs

At a recent event, Chevrolet confirmed that production of the 2027 Bolt will begin early next year at its Kansas City facility. As revealed in recent images, the electric hatch will include a standard NACS charging port, aligning it with the new industry standard.

It has also been confirmed to come standard with a new 65 kWh lithium-ion phosphate battery pack that will provide it with 255 miles (410 km) of driving range, according to GM’s own estimates. That represents a modest improvement over the outgoing model’s 247-mile figure.

Photos Chevrolet

Beyond boasting a better range than the outgoing Bolt, the new one’s DC charging speeds are no longer capped at 50 kW. Instead, it can charge at up to 150 kW, meaning the battery can be topped up from 10-80 percent in 26 minutes. That’s a big improvement over the old model and matches the charging speeds of the new Leaf.

Chevy has also equipped the Bolt with a new motor, borrowing the unit found in the Equinox EV and producing 210 hp. Performance times have yet to be announced, not that Bolt owners are the kinds of buyers that’ll be participating in traffic light races.

Pricing and Trims

The 2027 Bolt will debut first as a Launch Edition, starting at $29,990 with destination and delivery included. A slightly more affordable LT trim will follow next year priced from $28,995.

From a visual standpoint, the alterations made to the Bolt are less significant than many had expected. Indeed, it mostly looks like a facelifted version of the outgoing model. Key changes made include the fitment of new headlights, different taillights, and a unique tailgate with a redesigned bumper.

The interior is also very similar. However, Chevy has added a larger digital instrument cluster and moved away from gear selector buttons on the transmission tunnel, instead opting for an electronic column shifter.

A particularly welcome addition is a set of large physical dials for temperature and fan speed, providing straightforward control without touchscreen fuss. Two new storage compartments now sit within the dashboard, directly in front of the passenger, adding extra practicality to the cabin.

The new 2027 Bolt is set to make its public debut before the end of the year, but the wait has effectively been cut short. A completely undisguised prototype was spotted and photographed by Instagram user chargepozitive , giving us an unhindered view of the updated design. The images confirm what earlier spy shots hinted at, that this is more of a facelift than a full redesign.

Read: Chevrolet’s Newest EV Sure Looks Familiar

Captured in a sharp shade of metallic blue, the Bolt EUV was seen charging at a Tesla Supercharger, where its new NACS port was on full display. Positioned on the driver-side front fender, the port mirrors the layout of the outgoing model while aligning the car with the industry’s growing charging standard.

Evolution Over Revolution

In terms of design, GM has worked to overhaul the front fascia of the Bolt by adding new LED daytime running lights that are now connected to the main headlamps positioned further down on the bumper. It has also added a different black grille with a honeycomb mesh pattern, which we think gives the updated Bolt a cleaner and slightly more premium look.

Viewed from the side, there’s very little to differentiate the new model from the one it replaces. That means it has the same door skins and the same thick C-pillars. At the rear, the most noticeable changes are the new taillights and the refined bumper, which features more painted elements.

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Tech Beneath the Surface

Limited technical details about the new model are known at this stage, but we do know it will be underpinned by the BEV2 platform with a 400-volt electrical architecture. The old model had been criticized for only supporting DC charging speeds of up to 55 kW, so we expect some speed improvements to be made to this new model.

Powering the latest Chevy EV will be a lithium-iron phosphate battery pack supplied by CATL, a move that should help balance cost and durability. The last Bolt managed an EPA-rated 247 miles (398 km) of range, but expectations for this update are higher. To stand as a credible rival in today’s market, Chevrolet will likely need to push that figure closer to the 300-mile (482 km) mark.

Baldauf