GM to book $1.6B EV‑related charges

4h Developing 1 source

General Motors said in an Oct. 14 regulatory filing it will take a $1.6 billion hit next quarter after the U.S. ended EV tax credits and relaxed emissions rules, including $1.2 billion in non‑cash impairments tied to EV capacity adjustments and $400 million for contract cancellations and settlements. Shares fell about 3% premarket as GM warned additional charges may follow but said Chevrolet, GMC and Cadillac EVs now in production will remain available.

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📌 Key Facts

GM cites U.S. policy changes (end of EV tax credits; eased emissions rules) as drivers of the charges
$1.2B non‑cash impairment from EV capacity adjustments
$400M in contract cancellation fees and commercial settlements tied to EV investments
Shares down ~3% premarket on Oct. 14, 2025
GM says current Chevy, GMC and Cadillac EV models remain available; more charges possible

📰 Sources (1)

GM to take $1.6Bn hit as tax incentives for EVs are cut and emission rules ease

ABC News October 14, 2025