Currently reading: GM delays electric vehicle targets as chip shortage bites
General Motors originally planned to produce 400,000 EVs by the end of 2023

As the end of the year nears, the total losses due to the semiconductor shortage are coming into focus.

Dramatically better than 2021, the chip shortage in 2022 represents a big improvement, partially offset by the lower expectations for demand this year. An anticipated soft market next year will also provide a lower starting point for the production outlook.

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