Over the past year, General Motors has turned its electric vehicle ambitions around, achieving a 94% increase in EV sales and establishing itself as a major contender in the U.S. market. The introduction of affordable models like the Equinox EV and Blazer EV has contributed to this success. However, with 25% tariffs on imports from Mexico, GM faces the daunting task of managing increased costs for these popular models, which could hinder momentum and sales moving forward.
General Motors has transformed its EV strategy, showing dramatic growth in sales of its affordable electric vehicles, despite looming tariffs on models imported from Mexico.
With a 94% increase in EV sales and two bestsellers coming from Mexico, GM faces a challenge as tariffs may significantly increase vehicle costs.
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