As electric truck demand craters, GM lays off workers and idles plant
Automakers are scaling back electric vehicle production plans due to tariffs, loss of federal incentives, and challenges in transitioning truck customers to EVs.
Tesla's EV market share is soaring in the US while its rivals struggle
Tesla controls 59% of the US EV market after federal incentives ended, while most legacy automakers face low EV volumes, high costs, and poor profitability.