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 delay is happening “to better manage capital investment while aligning with EV demand,” the automaker told The Post on Wednesday.
In addition, the 50% increase in the first nine months of 2023 trails the 65% growth for all of 2022,General Motors’ 4.3 million-square-foot Orion Assembly plant in suburban Detroit will be converted into an electric-pickup truck factory by the end of 2025 — a year later than originally anticipated.GM said the delay is happening “to better manage capital investment while aligning with EV demand,” a nod to the fact that buyers’ interest in battery-powered vehicles has slowed from last year.
GM still plans a significant boost in EV production in 2024 including adding a new shift at a Detroit-Hamtramck factory that is currently building EV SUVs and pickup trucks.General Motors said on Tuesday it still plans to end production of the Chevrolet Bolt EV at the end of 2023. Tesla’s price cuts had a ripple effect through the competitive EV marketplace, dropping the average price for an EV from nearly $59,000 in January to $48,000 in September, per the The Journal, which reviewed Cox Automotive data.
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