GM scales back EV ambition in North America

General Motors has given up its previously announced target that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.

A GM spokesperson said on Monday the automaker would meet EV demand but did not repeat the prior production target, according to Reuters.

"We're being flexible. We haven't announced a new capacity target and we will build to demand," said the spokeperson.

GM CEO Mary Barra said earlier at an event on Monday that GM would not build 1 million EVs next year.

She said it is "just because the market's not developing, but it will get there. And so we're going to be guided by the customer.”

For more than two years, GM has said it would have production capacity of 1 million in EVs in China and North America by 2025.

Even after it changed or withdrew several EV targets and product plans last year, the company continued to say it would install the North American capacity for EVs.

More details about the automaker's EV plans could come when GM reports second-quarter results later this month.