Industry

GM indefinitely halts next-generation electric pickup and SUV revamp

General Motors has indefinitely suspended its plan to revamp its lineup of large electric pickups and SUVs. The move clouds what comes after the current Chevrolet Silverado EV, GMC Sierra EV, Hummer EV and Cadillac Escalade IQ. GM has not disclosed any potential plans or timing for a next-generation battery-electric pickup and said it would not respond to speculation. The company has increased production of gasoline heavy-duty pickups.

Mobility

Surging fuel prices boost global EV sales but U.S. supply constraints limit growth

Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.