General Motors, having weathered multiple crises over the decades, is heading into 2025 facing substantial challenges, particularly from changing federal policies. The automaker has invested heavily in electric vehicles (EVs) and currently boasts the most diverse EV lineup among U.S. automakers. While sales have surged, aided by tax credits, the potential repeal of these incentives threatens future growth. GM is not alone in the electric vehicle race, as competitors like Tesla also vie for market share, highlighting the intensifying competition within the industry.
"After a rocky start plagued with software and production troubles, the automaker staged a remarkable comeback in 2024, selling 114,432 EVs and eating into Tesla's declining market share."
"2025 is shaping up to be a high-stakes year for GM. The automaker spent billions on scaling up its EV programs and now offers the most variety of any automaker in the U.S."
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