Will GM Have 30 EV Models Ready by 2025? – Automcarz Magazine

GM prepares for an EV future. But will they overtake Tesla?

Barrett-Jackson GMC Hummer
This 2022 GMC HUMMER EV Edition 1 VIN 001 will soon be joined
by other models when production begins this fall.

GM has big plans to become the leading manufacturer for electric automobiles as early as 2025. This is the year that the automaker will have 30 electric vehicles that are pure that are available, which includes the Cadillac, Buick, GMC as well as Chevrolet brands. This is a huge target, particularly with the current fleet consisting of just one model , it’s the Chevrolet Bolt (or two if you take the EV and EUV as a separate unit). This number is expected to double with the arrival of the GMC Hummer Electric pickup truck comes on the market in the next few weeks.

New Products, Big Sales

However, two electric vehicles as 2022 approaches with 28 models in the pipeline is an enormous task. Are GM succeed in being able to achieve it? Will they be able to catch Tesla?

It’s clear that the objective is ambitious. The ability of GM to achieve it rests heavily on the flawless performance for the initial of two Hummer models. Then, in the next, talking just a few months away in the future, in 2023, the Cadillac Lyriq arrives. Both models are built on GM’s scalable battery technology and are which is powered by the company’s own Ultium batteries. Its Chevrolet Bolt, on the contrary, is basically the technology of yesterday.

The tiny Chevy is based on an older platform, and is powered by LG Chem battery cells. GM is planning to replace batteries in each Bolt it builds since the Bolt’s introduction in the year 2017. The automaker puts the blame directly at the feet of LG Chem. LG Chem’s Korean partner has signed a deal to pay around 90% of the repair cost. In the meantime, Bolt production has been restarted temporarily and recalls have been initiated by GM adding five modules into the affected vehicles.

GM continues to produce the Bolt at the very least, for now. Add those of Hummer as well as Cadillac models and you’ll have just four models to choose from in the spring of 2022.

The Reliance of China to make a difference:

But GM’s 30 vehicles is inclusive of international models that we will not see here in the U.S. There are many models being developed in China for the domestic market. One of the most recent models is made through the government-owned SAIC Motors, the Hong Guang Mini EV. It is part of the joint venture GM. In the second quarter of 2020 112,000 models of this tiny electric vehicle were sold, and sells for about the U.S. equivalent to $4,500. It’s worth noting that this figure is just a bit lower than that of the Tesla Model 3, the top-selling EV within China.

GM might be able to meet its goal of 30 vehicles. This is largely dependent on the offerings it makes in China. However, we do know that there’s a second Cadillac crossover electric vehicle is on the way along with the electrical Chevrolet Silverado will follow. For the remainder of the company’s EV range, GM hasn’t shared details.

Tesla Motors remains by far the largest manufacturer of electric vehicles worldwide. The company is poised to experience expansion when a brand new facility in Germany is set to open in 2022. With factories located in Europe, China and the U.S., China, and Europe, Tesla should continue to see record-setting sales. This means that Tesla isn’t laying down and will continue to increase capacity and launch new and improved models.

To allow GM to be able to catch Tesla could mean that the competitors remain static and that’s not going to occur. Despite the chip shortage that is weighing on the company, Tesla reached an annual sales rate of one million units in the third quarter. However, its actual figures will come in the hundreds of thousands of units less the number it achieved this year. But demand remains robust and Tesla will likely to surpass 1 million units by 2022. But it will be by 2023. By 2025, Tesla sales could already have more than doubled, and are far ahead of GM.

EV Goals

The goals of GM are admirable, however, they’re not always achievable. They’re also betting that consumers will switch sooner, something that could be the case in China however not necessarily within the U.S. With other companies investing heavily consumers will have plenty of options when they decide to switch from ICE to electric vehicles.

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