GM Shelves New Chevy, Cadillac EVs After $10.9 Billion in Charges, Expands Gas Lineup
Updated
Updated · CarBuzz · Jul 21
GM Shelves New Chevy, Cadillac EVs After $10.9 Billion in Charges, Expands Gas Lineup
3 articles · Updated · CarBuzz · Jul 21
Summary
Zero new or updated Chevy and Cadillac EVs are now planned for the next few years, as GM pivots both brands back toward gasoline models.
Mary Barra said Cadillac will start rolling out next-generation ICE vehicles next spring, including the CT5, XT5 and three-row XT6, to be sold alongside existing electric SUVs.
Chevy’s current EV lineup stays on sale, but the Bolt will end production this year and be replaced in Kansas by a gas-powered crossover.
GM has booked $10.9 billion in EV-related charges since the second half of 2025, including $7.2 billion in cash impact, yet still raised full-year adjusted profit guidance to $14 billion-$16 billion.
The retreat leaves room for rivals as Hyundai and Toyota models are already outselling GM’s Equinox EV in some rankings and more new EV competition is coming.