‍On July 23rd, General Motors shares fell over 6% after announcing delays in its all-electric vehicle plans, including postponing a second U.S. electric truck plant and the Buick brand’s first EV.

The six-month delay in retooling the Michigan electric truck plant means GM will miss its target of one million North American EVs by 2025.

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GM CFO Paul Jacobson declined to discuss potential plans to delay or cancel the automaker’s future EV battery cell plants, aside from the two facilities making cells in Ohio and Tennessee.

GM’s U.S. EV deliveries increased 40% during the second quarter compared with a year earlier to 21,930 units. Still, EVs made up only 3.2% of its total second-quarter U.S. sales.

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Jacobson said the company is set to ramp up assembly to achieve production and vehicle wholesales of between 200,000 and 250,000 all-electric vehicles in North America this year. 

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