GM Statement on the EV-Related Provisions of the Inflation Reduction Act

2022-08-01


General Motors is deeply committed to America and we are investing significant resources in manufacturing and infrastructure here in the United States as we work toward an all-electric future. Between GM and our Ultium Cells LLC joint venture, we have announced $15.7 billion in EV manufacturing and created nearly 9,000 jobs in the U.S., with more to come. Additionally, GM is actively pursuing opportunities to localize as much of the supply chain as possible with the recognition that secure, sustainable, scalable and cost-competitive supply chains are key to enabling an all-electric, clean transportation future.

We are encouraged by the framework set forth in the legislative text. While some of the provisions are challenging and cannot be achieved overnight, we are confident that the significant investments we are making in manufacturing, infrastructure and supply chain along with the timely deployment of complementary policies can establish the U.S. as a global leader in electrification today, and into the future. We will continue to review the details and we look forward to engaging all stakeholders and working collaboratively on these important issues.