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U.S. electric vehicle sales decline and supply shortages

Fortune ·

  1. 1Pure electric vehicle sales recorded a 16% decrease from March to May 2026 compared to the same period in 2025.
  2. 2General Motors laid off more than 3,400 workers.
  3. 3Ford wrote down $19.5 billion in its EV business.

So what's the key point?

General Motors reduced its workforce significantly as electric vehicle sales fell by 16 percent. Ford also incurred a large loss in its electric vehicle business.

Source Fortune · View original ↗

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