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: GM is delaying production on both the Sierra EV and the Silverado until late 2025 in order to align their investment with. Ford and Tesla have also slowed down production of electric vehicles due to concerns of a slowdown in demand and other economic uncertainties. EV sales grew 51% in the first nine months of 2023, well below the 71% sales surge for vehicles during the same time period in 2022.
GM had been set to begin production of the electric Chevrolet Silverado and GMC Sierra in late 2024 at the suburban Detroit plant.Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.
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