Reported about 17 hours ago
General Motors has announced the discontinuation of its BrightDrop electric delivery vans, citing a slower-than-expected development in the commercial electric van market and unfavorable changes in tax credits. Following the suspension of production in Ontario and the layoff of 500 workers, GM plans to engage with Canadian officials about future opportunities for the plant while confirming that dealers will still sell and service existing BrightDrop vehicles. Despite recent record EV sales, GM is shifting focus back to internal combustion vehicles, a move well-received by investors.
Source: YAHOO