GM's Electric Future Takes Shape
GM's Electric Future Takes Shape
General Motors has made a bold prediction: the company expects to turn a profit on its electric vehicles this year. This announcement solidifies GM's commitment to an electric-focused future, a strategy that has been years in the making.
GM's forecast is a significant milestone in the company's transition to electric vehicles. The automaker has invested heavily in EV technology, with plans to offer 20 electric models by 2025. The company's electric lineup currently includes the Chevrolet Bolt and the Cadillac CT6 PHEV, with several more models in the pipeline.
GM's forecast is a significant milestone in the company's transition to electric vehicles. The automaker has invested heavily in EV technology, with plans to offer 20 electric models by 2025. The company's electric lineup currently includes the Chevrolet Bolt and the Cadillac CT6 PHEV, with several more models in the pipeline.
But what's driving GM's electric ambitions? One major factor is the growing demand for EVs in China, the world's largest automotive market. GM has a significant presence in China, and the company is well-positioned to capitalize on the country's EV boom. In fact, GM's Chinese joint venture, SAIC-GM, has already launched several electric models in the market.
