CEO Mary Barra stated that GM intends to phase out internal combustion engine vehicles in the US by 2035 while also committing to being carbon neutral by 2040.
While GM faces challenges in EV manufacturing and battery production, the company expects to start making profits on its electric vehicle lineup by the end of this year.
Despite the fluctuations in EV demand growth in the US, GM is focusing on reducing battery costs and securing consumer tax incentives to boost sales.
The competitive landscape is challenging, with only a few GM EVs qualifying for government incentives at the moment, pushing the company to innovate and adapt.
Collection
[
|
...
]