General Motors Is Trimming Its Expected Sales Of All EVs This Year, As U.S. Adoption Of EVs Occurs Slower Than Expected; GM CFO Paul Jacobson Said That The Company Now Expects Sales Of 100,000-150,000 EVs This Year, Down From A Previously Announced Range Of 200,000-300,000.
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) has reduced its expected sales of electric vehicles (EVs) for this year due to slower-than-expected adoption in the U.S. The company now anticipates selling 100,000-150,000 EVs, down from the previously announced range of 200,000-300,000.
June 11, 2024 | 3:45 pm
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General Motors has lowered its EV sales forecast for this year to 100,000-150,000 units from the previously expected 200,000-300,000 units, due to slower-than-expected adoption in the U.S.
The reduction in EV sales forecast indicates potential revenue shortfalls and may negatively impact investor sentiment, leading to a likely short-term decline in GM's stock price.
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