General Motors’ Profits Drop 35 Percent as CEO Clings to EV Strategy

Breitbart: General Motors (GM) has experienced a dive in profits, the news coming as its leadership continues touting electric vehicles (EV).

According to the Daily Mail, General Motors “reported $1.89 billion in net income for the second quarter, a sharp $1.1 billion decline from $2.93 billion during the same period last year. That’s a 35 percent drop from the previous quarter alone,” the outlet said on Tuesday, noting it happened amid “regulatory upheaval” and “tariff pressure.”

GM has been trying to win over President Donald Trump’s administration even though some of the company’s initiatives that include trying to keep EV mandates and subsidies do not align with his agenda, Breitbart News reported in June. more

18 Comments on General Motors’ Profits Drop 35 Percent as CEO Clings to EV Strategy

  1. Here’s a novel idea…build something people want. The Biden Crime syndicate shoved EVs down our throat and nobody wanted them. Trump did away with the mandates and allowed people to choose what they wanted to buy. It’s called free enterprise and it’s worked for a long time.

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  2. Harry
    Wednesday, 23 July 2025, 9:24 at 9:24 am
    “The woman who didn’t even know where electricity came from promoting EVs driving GM into the dumpster”

    Funny story.

    In Europe, the preferred method of extinguishing EV fires is to put the entire car in a Dumpster full of water…

    https://www.ntd.com/firefighters-dunk-smoking-bmw-hybrid-electric-vehicle-in-huge-vat-to-put-it-out_307795.html

    …talk about metaphor alert…

    ….its catching on here too, in modified form. EVs take car fire scene times that a fire company is out of service from ~ a half-hour for a normal gasoline car to hours and hours for an EV, sometimes with the engine having to follow the truck. They do make these pools now, but you’d need a tanker shuttle to fill one on the hydrantless highway…

    https://www.garrisonflood.com/ev-fire-fighting-water-submersion-pool

    …the whole thing is just ridiculous.

    But on the radio this morning, GM blamed…

    …wait for it…

    …TARIFFS.

    So no lessons learned. They only say its Trumps fault.

    …seems like there may be some PEOPLE that need dunked in a water-filled Dumpster too, just saying…

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  3. I honestly believe the EV’s time will come, whether through technological evolution or by decree when the dims regain power. GM may well have the right idea but their timing may be premature.

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  4. Have you checked your electrical costs…..????

    My power costs per kilowatt has increased…..
    by 14% for 2022/23/24 each year……

    2025…..looks like a 6% cost increase…..

    How’s yours looking…..????

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  5. @Harry

    “Billboard Ad”

    I can give you the name of an old Alex Jones 911 grifter that is now peddling LCD Pushcart Ministries. He says he can do it if you build it and pay for it for him. He will take you for a ride, if you let him (or any of his cross-country alex jones netted affiliates)

    BTW, F’ ALEX JONES AND HIS RETARDS

  6. Hitched their wagon to the progressive/Marxist/Satanist horse in order to get “their fair share” of what government has illegitimately expropriated from taxpayers.

    They have themselves painted into a corner at this point.

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