General Motors reports $7bn earnings loss after pulling back from EVs

GM says end of tax incentives and less stringent emissions regulations slowed consumer demand for EVs in 2025

General Motors said on Thursday it will record a one-time earnings hit of $7.1bn in its quarterly financial results, mostly due to its pullback from electric vehicles in light of shifting US policies.

The Detroit auto giant's fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company's restructuring of its China operations.