The automaker plans to make engineering changes to increase the profitability of the electric Chevy Silverado and GMC Sierra.
General Motors is pumping the brakes on production of electric versions of its full-size pickups, to make engineering changes to increase profitability in light of decreasing demand for electric vehicles in general.
The electric versions of the Chevrolet Silverado and GMC Sierra were originally intended to go into production at GM’s Orion Township, MI, factory in 2024, but that date has been pushed back to 2025, the Associated Press reported.
The plant will continue to produce the Chevrolet Bolt EV and EUV through the end of this year, and will then be offered jobs at other Michigan plants until the Orion Township factory reopens.
Motorintelligence.com reported demand for EVs is leveling off after a few years of explosive growth. In August, car buyers bought 111,000 EVs representing 8.3% of total sales. In September, that fell to 106,000, or 7.9% of sales.