The moves come in the wake of Republicans’ One Big Beautiful Bill Act, which repealed incentives for consumers to buy electric cars.
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.
While those layoffs were the largest that were recently announced, they’re not the only ones.
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.
“We have reached this difficult decision due to the decrease in demand for heavy-duty electric and hybrid electric vehicles in North America,” the company said in a statement.
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.
Essential Reads
Trump taps Isaacman to lead NASA months after pulling his nomination for same role
Full StoryThe Department of Energy announced $625 million in funding Tuesday to renew five quantum research centers established under the first Trump administration. Each research center is set to receive $125 million in funding over the next five years, as they study different facets of quantum science and technology, which rely on the principles of quantum mechanics. This includes the Co-design Center for Quantum Advantage at Brookhaven …
Big Tesla investor will vote against Musk’s massive pay package
Full StoryNews we've flagged from the intersection of tech and other topics:
Appeals court dubious of FTX founder Bankman-Fried's conviction challenge (CNBC) IBM to cut thousands of jobs in fourth quarter amid software focus (Reuters)Banking industry urges Treasury to limit stablecoin rewards
In Other News
Bill Gates defends call for climate debate refocus
Full StoryHence then, the article about companies hit the brakes on evs lay off thousands was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Companies hit the brakes on EVs, lay off thousands )
Also on site :
- Hollywood mourns loss of beloved makeup artist Jasen Kaplan
- Rose Parade Viewers 'Floored' by 'Disaster' Finale Performance: 'Yikes'
- Rose Parade 2026 awards announced: Top honor goes to Cal Poly Universities