Courtesy of Associated Press.
General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year.
GM’s EV lineup includes plans to sell a small SUV for around $30,000, plus a luxury SUV, pickup trucks, and Hummer SUVs in the next two years. The Detroit automaker has a goal of selling only electric passenger vehicles by 2035.
GM is sticking by a pledge made by [CEO Mary] Barra to sell more EVs in the U.S. than market leader Tesla by the middle of the decade.