financetom
Business
financetom
/
Business
/
Market Chatter: General Motors Seeks to Repeal California's EV Mandate
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: General Motors Seeks to Repeal California's EV Mandate
May 26, 2025 10:24 AM

02:44 PM EDT, 05/19/2025 (MT Newswires) -- General Motors ( GM ) is aiming to reverse the electric vehicle mandate in California, which would ban the sale of new gasoline-powered vehicles by 2035, the Wall Street Journal reported Saturday.

The automaker has asked employees to lobby senators to repeal the California measure, the Journal reported, citing an email sent by the company to staff.

General Motors ( GM ) initially supported the California target but has changed course as the electric vehicle market has seen demand decline in the past years, according to the report.

A General Motors ( GM ) spokesperson told the Journal that the email was sent to employees in Michigan and affected states. The spokesperson said that the company continues to invest heavily in electric vehicles.

General Motors ( GM ) did not immediate reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 50.28, Change: -0.09, Percent Change: -0.17

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved