Transportation Secretary Buttigieg Faces Criticism for Supporting EVs Amid Anti-EV Policies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Should l Buy GM?
Source: Benzinga
- Policy Contradiction: Former Transportation Secretary Pete Buttigieg supported EVs at the Detroit Auto Show, calling them key to future mobility, while questioning if current policies would allow the U.S. to lead, highlighting internal government divisions on EV policy.
- DOT's Opposition: The Department of Transportation criticized Buttigieg's comments on social media, urging him to stay in his lane, reflecting the tension between support and opposition to EVs within the current administration.
- Impact of Trump Policies: The Trump administration relaxed Corporate Average Fuel Economy standards and ended the $7,500 EV tax credit, significantly impacting the EV market, illustrating the profound effects of policy shifts on the industry.
- Automotive Leadership: Despite policy challenges, General Motors CEO Mary Barra reaffirmed her commitment to EVs, emphasizing that a robust charging network and affordability will be crucial for market adoption, indicating a proactive stance from the industry during this transition.
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Analyst Views on GM
Wall Street analysts forecast GM stock price to rise
19 Analyst Rating
14 Buy
4 Hold
1 Sell
Moderate Buy
Current: 74.930
Low
57.00
Averages
95.06
High
122.00
Current: 74.930
Low
57.00
Averages
95.06
High
122.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, its advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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