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Companies hit the brakes on EVs, lay off thousands

3 18
05.11.2025
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Technology

Technology

 

The Big Story

Companies hit the brakes on EVs, lay off thousands

In recent weeks, automakers and other companies in the vehicle space are pulling back their investments in electric vehicles, including laying off workers in multiple states.

© AP Photo/Paul Sancya

The moves come in the wake of Republicans’ One Big Beautiful Bill Act, which repealed incentives for consumers to buy electric cars.

GM in particular is set to lay off 1,200 workers from its Detroit plant and another 550 from its Ultium Cells plant in Ohio.

Meanwhile, another 850 are being temporarily laid off from the Ohio Ultium Cells plant, and another 710 are being temporarily let go from an Ultium factory in Tennessee.

While those layoffs were the largest that were recently announced, they’re not the only ones.

Last month, EV-maker Rivian told staff it would let go of about 4.5 percent of its workforce. Reuters reported that this represents more than 600 jobs.

“With the changing operating backdrop, we had to rethink how we are scaling our go-to-market functions,” Rivian CEO RJ Scaringe said in a note to staff seen by The Hill.

Meanwhile, Freudenberg e-Power Systems said this week that it will close two EV battery facilities in Michigan, laying off 324 workers.

“We have reached this difficult decision due to the decrease in demand for heavy-duty electric and hybrid electric vehicles in North America,” the company said in a........

© The Hill