Oh Well!! Worries Grow On Future Of EV/Battery Plants In States Voting For Someone Who Has Vowed To Destroy IRA, EVs

[MichMan]

2. GM to Exit Michigan EV Battery Plant

General Motors is backing out of a nearly completed electric-vehicle battery plant in Michigan, agreeing to unload its stake in the new plant to its Korean partner, LG Energy Solution.

Plans for the $2.6 billion facility, sprawling over about 30 football fields in Lansing, Mich., were disclosed in 2022, when the Detroit automaker had designs on producing one million EVs by 2025. The automaker has since shelved that target because of slower-than-expected demand for fully electric vehicles.

Automakers globally have been dialing back electric-car investments they outlined earlier this decade amid surging demand for battery-powered vehicles. Now the market faces further uncertainty as President-elect Donald Trump vows to cut government funding for EVs.

https://www.msn.com/en-us/money/companies/gm-to-exit-michigan-ev-battery-plant/ar-AA1v99pH