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GM Doubling EV Auto's by 2023 from 10 to 20.

David

By David
in Industry News

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David

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According to Rueters that GM today in China anounced a dedicated 10 models for China market added to the 10 they are already working on bringing to 20 models of EV auto's they are working on.

https://www.reuters.com/article/us-autoshow-detroit-gm-china/big-portion-of-future-gm-electric-vehicles-for-china-market-executive-idUSKBN1F702M

GM has stated that the plan is 1 million EV auto's a year by 2026. China is the heart of GMs EV spearheaded efforts.

In China, GM sold 4 million auto's in China or 40% of GM's global tally. 11,000 of them in China were pure EV. GM expects that Plug-in Hybrids and EVs will make up 20% of the Industry  projected 35 million annual auto sales in China by 2025 or 7 million Plug-in Hybrids and EVs.

GM is expected to sell in 2019 alone in China 300,000 EV's or plug-in Hybrids to meet China's government mandate.

End result is hate it or love it, but EV's & Plug-in Hybrids are the future for GM and just about everyone else.

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