Ford and GM Scale Down Electric Vehicle Investments Amid Policy Shifts

In the face of stubbornly weak sales and a sweeping reversal in federal policies, major American automakers Ford and GM are changing their plans for electric vehicles.

In 2025, President Donald Trump and his administration fulfilled a campaign promise to roll back what he identified as an electric vehicle mandate imposed by his predecessor, President Joe Biden. Most significantly, Trump signed the One Big Beautiful Bill Act in July, which will end a significant tax credit program designed to get Americans into electric vehicles.