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General Motors deals billion-dollar blow to the EV industry

TheStreet•Tuesday, October 14, 2025 at 8:37:00 PM
NegativeFinancial Markets
General Motors deals billion-dollar blow to the EV industry
General Motors has revealed troubling news for the electric vehicle (EV) industry, indicating that despite a record-setting year in 2025, the market remains fragile. With over 1 million units sold and a 10.5% market share, the growth from previous years shows promise, but GM's insights suggest vulnerabilities that could impact future stability. This matters because the EV sector is crucial for sustainable transportation and economic growth, and any setbacks could hinder progress towards a greener future.
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