General Motors admits it has lost — so far — about $3.3 billion on EVs. It is apparently not enough to persuade GM that EVs are losers.
“We continue to believe in EVs,” GM’s CEO Mary Barra said the other day. Adding that “our portfolio brought almost 100,000 new customers to GM in 2025.” That these customers didn’t add a cent to GM’s bottom line doesn’t seem to matter to Barra. “We know these drivers do not often go back to gas, so we will continue executing our plan to reduce EV-related costs and we remain confident in our path to EV profitability.”
