LANSING, Mich. (Michigan News Source) – The electric vehicle market appears to be stalling as consumer demand fails to keep up with production and expectations.
After previously committing to spending $1.4 billion to manufacture electric vehicles, the Lansing Grand River Assembly Plant is shifting gears back to making gas-powered sedans.
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The next generation gas-powered Cadillac CT5 midsize sedan is slated for assembly at the Lansing plant, according to General Motors.
The change follows a $1.25 billion investment from GM into the Lansing plant to move forward with the production of internal combustion engine vehicles.
The Cadillac CT4 four-door sedan, also planned for retirement after the 2026 model year, will not be revived. The CT4 will continue through June 2026 and the current CT5 until late 2026.
In addition, a government filing shows unused EV production equipment and supplier contract cancellation fees would cost GM $1.6 billion in the third quarter.
