GM
The “Bait and Switch” bill, minus the cute name
A new BlueGreen Alliance report says Trump’s One Big Beautiful Bill Act has already contributed to $82.8 billion in cancellations and delays across clean energy, manufacturing, and industrial projects. That’s not exactly pocket change — it comes with 223 projects getting shelved or slowed and more than 111,000 jobs reportedly tied up in the fallout.
Why GM shows up in the crossfire
General Motors gets dragged into the story through its Ultium Cell project with LG Energy Solution, which the report says was rolled back as part of the broader EV-policy whiplash. In plain English: when EV incentives get yanked around, automakers don’t just lose a nice headline — they can lose the math that made big battery and charging bets work in the first place.
This is bigger than one car company
The report says the policy rollback hits:
- the $7,500 EV credit
- solar and clean-energy incentives
- offshore wind projects
- industrial sites facing tax restrictions
And the bill keeps coming: the group says nearly 3,035 sites could be exposed, putting almost $695 billion of capital investment and roughly 1.18 million jobs at risk. That’s the kind of number that makes CEOs start nervously rereading their capex plans.
Big picture
For GM investors, this is a reminder that EV margins and project timelines don’t live in a vacuum. Policy can be the difference between “go build it” and “maybe wait until next quarter and hope Washington chills out.”