LANSING, Mich. (Michigan News Source) — The bill for General Motors’s EV enthusiasm keeps growing.

The automaker disclosed a $6 billion impairment charge tied to EV investments it no longer expects to pay off, according to a January 7th filing with the Securities and Exchange Commission. The move reflects slowing demand and a shift away from earlier, more aggressive electrification plans.

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“With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” GM said in its filing.

Consequently, GM has scaled back electric production and shifted its Orion Township facility back toward full-size SUVs and pickup trucks, citing steadier demand. It has also trimmed its battery ambitions, selling its ownership stake in the Ultium Cells plant in Lansing to partner LG Energy Solution.

About $4.2 billion of the charge is cash-related, tied to canceled contracts and supplier settlements.