Companies hit the brakes on EVs, lay off thousands ...Middle East

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{beacon} Technology   Companies hit the brakes on EVs, lay off thousands

 

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. 

 

 

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.

 

 

The moves come after this year’s tax and spending bill eliminated a tax credit for consumers that brought down EV prices by up to $7,500.

 

The Hill's Rachel Frazin has more here.

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