GM CEO backs away from 1M EV target, says market’s “not developing”

2025 Chevrolet Equinox EVGM announced in 2022 it could build 1M EVs annually in 2025 It aimed to make 400,000 EVs over 2022 and 2023—later extended into 2024 Backpedaling on both targets, CEO Barra now says an undeveloped EV market is to blame General Motors CEO Mary Barra has walked back the automaker's target of having production capacity for one million EVs in...