Mary Barra

The whole industry, we were on a path that we were working to get to 40% to 50% EVs by 2030.

So now that the regulatory environment has changed and the consumer incentives have gone, there is going to be slower EV adoption.

We're still committed EVs, and we've got a great portfolio that we're working on taking costs out of.

But in the meantime, we also have a great internal combustion engine platform.

And you're right, full-size trucks are one of the strengths we have.

as well as full-size SUVs, mid-size crossovers.

So we really have a strong lineup across the board, and that is really what is fueling our business success.

Well, I think the consumer is very rational when they're making a decision about what car to buy.

Let's remember, it's one of the most important and expensive decisions that they make.

And one of the things we have to continue to work on to drive EV adoption is a more robust charging infrastructure.

And that still is continuing to happen.

So every quarter, more and more chargers are available.

I think as people in their individual communities see that they've got a robust charging network and believe if they have to go on a road trip, there's that as well, they're going to make that choice.

The whole industry, we were on a path that we were working to get to 40 to 50% EVs by 2030.

So now that the regulatory environment has changed and the consumer incentives have gone, there is going to be slower EV adoption.

2025 was an exceptional year, especially when you look at all the challenges that we face, and I think it really demonstrates one of the core capabilities of GM, and it's our agility and our resilience.

But the core of it starts with our great product portfolio, whether it's very affordable EVs like the Chevrolet Trax all the way up to a supercar like what's behind me with the Corvette ZR1X.

So couldn't be more proud of the team.

By acting swiftly and decisively to address overcapacity, we expect to reduce EV losses in 2026 and beyond, making us much better positioned as demand stabilizes.

I can't speak to all the other industries that are facing tariffs, but I can tell you for decades now, it has not been a level playing field for U.S. automakers globally with either tariffs or non-tariff trade barriers. So I think tariffs is one tool that the administration can use to level the playing field.