GM Says its Electric Vehicles Should Be Profitable as of 2025
• U.S. federal subsidies are key to getting to that point, the company believes.
At the turn of this decade, General Motors CEO Mary Barra was saying that electric vehicles would become profitable for the automaker starting in 2023. The executive returned to the prediction game last week. Barra stated on Friday that the electric vehicles proposed by the General Motors Group will be profitable starting in 2025. That's partly because recently enacted U.S. federal subsidies are closing the profitability gap between electric vehicles and GM's ICE (internal combustion engine( model fleet.
To get to its goals, GM is ramping up electric vehicle production in China, the world's largest market. By 2025, Barra says her company could produce as many as two million electric vehicles worldwide.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Véhicules électriques: GM entrevoit une rentabilité en 2025 | Actualités automobile | Auto123Véhicules électriques chez GM : Mary Barra croit que les véhicules électriques seront rentables à compter de 2025. Auto123 a les détails.
Read more »
Report: California to Ban Older Diesel Trucks at Ports by 2025; Electric Truck Mandate by 2035The State of California is continuing its aggressive policies pushing consumers and companies to adopt electric vehicles by proposing to force shipping companies to use electric trucks at the state’s beleaguered port facilities.
Read more »
2025 Tesla Model S: Imagining A Second Generation Of America's Favorite Electric Large Sedan | CarscoopsThe original Tesla family car is getting long in the tooth, so let's see what a new Model S could look like
Read more »
2022 GMC Sierra, 2025 Porsche 718 EV: Today's Car NewsGMC's luxury pickup, Porsche's electric sports car, and a new “Bullitt” movie all made headlines today.
Read more »
GM sticking with gasoline engine for now | Car News | Auto123GM doesn't plan to abandon its gasoline engines anytime soon, where they perform well. At the same time, it thinks its EVs will be profitable as of 2025.
Read more »
Production launched for the Fisker Ocean SUV | Car News | Auto123Production of the Fisker Ocean SUV has begun at the Magna plant in Graz, Austria. Auto123 has the details.
Read more »