GM will lower greater than 1,700 jobs in EV and battery manufacturing

Normal Motors introduced that it’s going to lower greater than 1,700 manufacturing jobs in response to modifications within the electrical automobile market. “In response to slower near-term EV adoption and an evolving regulatory surroundings, Normal Motors is realigning EV capability,” the corporate mentioned in an announcement reported by CNBC. “Regardless of these modifications, GM stays dedicated to our US manufacturing footprint, and we imagine our investments and dedication to versatile operations will make GM extra resilient and able to main by way of change.”

The layoffs are primarily taking place at a Michigan plant that builds GM’s EVs and at an Ultium Cells battery cell plant in Ohio. The corporate can also be “briefly” shedding 700 at an Ultium Cells plant in Tennessee.

The regulatory points in query are doubtless the $7,500 federal tax rebate that had beforehand been granted to EV purchases, which expired earlier this yr beneath the “Massive Lovely Invoice” that made issues so much much less fairly for a lot of environmentally-focused programs and industries. However GM had additionally mentioned earlier this month that it could sundown a lot of its hydrogen fuel cell R&D so as to place extra give attention to batteries, charging tech and EVs, so asserting layoffs in these very areas is a tough transfer.