GM Struggles to Sell EVs: Can Legacy Automakers Compete in the Electric Market?
Despite record U.S. vehicle sales, GM is struggling to gain traction in the electric vehicle (EV) market, with less than 5% of its sales being EVs last quarter. After spending billions on EV development, GM sold just 32,000 electric cars in the U.S. This highlights the challenge legacy automakers face in a market dominated by newer players. Chinese automakers, successful in China and Europe, could soon pose a major threat in the U.S.
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