Electric bus and battery manufacturer Proterra is laying off approximately 300 employees this year as part of a cost-cutting consolidation plan. The company is exiting its California facility and combining its electric bus and battery production in South Carolina. This restructuring, announced in early 2023, aims to reduce facilities costs and better manage supply-chain disruptions. The move reflects broader challenges in the electric vehicle industry, where companies are tightening spending amid consumer concerns about affordability and rising prices.
