GM's EV Dream Hits a Speed Bump: Layoffs and Market Shifts

General Motors (GM) is feeling the heat in the electric vehicle (EV) market. After a brief surge in sales due to a soon-to-expire federal tax credit, the company is now facing some tough realities. The Trump administration's policies have made things even harder, with changes in regulations, canceled green initiatives, and a trade war that's driving up prices and cooling demand. GM recently announced a $1. 6 billion write-down, signaling that it's time to adjust its plans. This means big changes for workers. In Michigan, 1, 200 jobs are on the line at the Hamtramck Assembly Center, which will scale back production starting in January. Meanwhile, in Ohio and Tennessee, over 1, 350 workers at Ultium Cells battery plants will be temporarily laid off. These plants will shut down for upgrades until at least May.GM isn't the only one struggling. The company also shut down its BrightDrop electric delivery van division, citing weak demand. Plus, there have been layoffs in IT and at the Warren Technical Center in Michigan. GM says it's all about adapting to the market, but for the workers affected, it's a tough pill to swallow. The EV market is still young and unpredictable. While some companies are thriving, others are struggling to keep up. GM's recent moves show that even big players aren't immune to the challenges of this rapidly changing industry. It's a reminder that the road to a greener future isn't always smooth, and it requires constant adaptation and resilience.