GM sticking with EVs as rivals pivot to hybrids
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General Motors Co. is sticking with electric vehicles (EVs) despite a decline in sales and a shift towards hybrids by rival brands. The company predicts EV sales will eventually take off and is working to make EV batteries cheaper while generating cash from gas vehicles.
General Motors Co. is committed to electric vehicles (EVs) despite a decline in sales. The company predicts EV sales will increase in the long term. Rival brands such as Toyota and Ford are investing in hybrids, but GM is focusing on making EV batteries cheaper. The company is generating cash from gas vehicles, including full-sized pickups and SUVs. GM's CEO Mary Barra believes in the future of EVs and is executing a plan to reduce costs. The company is well-positioned for the future with a strong gas and electric fleet.
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