Battery Demand
GM suspends next-gen electric truck indefinitely as it retreats to gas
General Motors has indefinitely suspended plans to refresh its full-size electric truck and SUV lineup, putting the future of the Chevrolet Silverado EV, GMC Sierra EV, Hummer EV, and Cadillac Escalade IQ in limbo beyond the current generation.
The move marks yet another retreat from GM’s once-ambitious electric vehicle strategy, as the automaker doubles down on gas-powered trucks instead.
more…
Tickers: SILV
General Motors has indefinitely suspended plans to refresh its full-size electric truck and SUV lineup, putting the future of the Chevrolet Silverado EV, GMC Sierra EV, Hummer EV, and Cadillac Escalade IQ in limbo beyond the current generation.
The move marks yet another retreat from GM’s once-ambitious electric vehicle strategy, as the automaker doubles down on gas-powered trucks instead.
more…