GM, Ford, Stellantis CEOs go back to the drawing board with EVs
Key takeaways
- GM, Ford, Stellantis CEOs go back to the drawing board with EVs Tony Owusu Sun, May 24, 2026 at 12:07 AM GMT+7 5 min read GM TSLA F STLA Unless your name is Tesla, the U.S.
- U.S. consumers flocked to dealerships to buy EVs last year, right up until September 30, when the $7,500 EV tax credit expired.
- This is the climate non-Tesla EV makers have to compete in, and it has forced General Motors, Ford, and Stellantis, the Detroit Big 3, to completely reevaluate their strategies.
GM, Ford, Stellantis CEOs go back to the drawing board with EVs Tony Owusu Sun, May 24, 2026 at 12:07 AM GMT+7 5 min read GM TSLA F STLA Unless your name is Tesla, the U.S. EV market has been a minefield for original equipment manufacturers. There were dangerous cracks even as customers set a record sales pace through the first three quarters of 2025.
U.S. consumers flocked to dealerships to buy EVs last year, right up until September 30, when the $7,500 EV tax credit expired. But even in the third quarter, during the height of that buying frenzy, customers purchased 90 different EV models; only nine sold more than 10,000 units.
This is the climate non-Tesla EV makers have to compete in, and it has forced General Motors, Ford, and Stellantis, the Detroit Big 3, to completely reevaluate their strategies.