EVs are the way to and with their global recognition reaching an all-time high in recent years, hopes from different companies are immense. However, how is General Motors participating in this segment, and what is General Motors’ potential in the EV race? This article delves into the details and explains how General Motors could be the next big player, even surpassing the current contenders.
GM In The Competitive Market
With Tesla leading from the front and several other competitors quickly catching up, major automakers such as Ford and GM are also gearing up to gain a fair share of the revenue from this lucrative segment.
Trends Are Changing
As environmental regulations become more stringent, it is becoming increasingly difficult for businesses to survive without jumping on the electric vehicle bandwagon.
Several governments around the world have even set deadlines for completely banning gasoline vehicles, implying that the transition to EVs is anything but slow.
In today’s market, General Motors understands that to compete against the already established competition in this segment, drastic measures must be taken, and that is exactly what GM is doing.
The New & Improved Chevy Bolt
The 2022 Chevy Bolt already appears cleaner and more refined. What’s more exciting is that the Bolt is now available at a lower price, making it more accessible to a larger number of people.
Thus, GM is adapting to the competitive market and doing so in style.
Joe Biden Mentioned GM In His Speech
The thriving EV segment has made all Americans proud, after all, Tesla the trailblazer in this segment is based in the US. However, when it comes to EVs, it is not just Tesla that Joe Biden is proud of.
The president of the United States of America recently visited the General Motors plant in Detroit. He mentioned GM and its goal of becoming 100% electric by 2035 while mentioning the key contributors that have made America proud.
When the current president of a superpower recognizes a company’s efforts, it means a lot. It also exemplifies that the company is on the right track.
New EV Models From GM
General Motors, now cognizant of the need to transition to electric vehicles, is taking bold steps to add several vehicles to its line-up.
20 New EV Modes By 2023
The company intends to launch up to 20 different EV models by 2023. These vehicles will be sold under a variety of brand names, including GM, Buick, Cadillac, and Chevrolet.
China A Major Market
Many of these new electric vehicles will be aimed at the US market. However, in some cases, the new EVs will be introduced in countries other than the United States, such as China.
The newly launched Hummer EV is the brand’s flagship product in the electric segment.
This new vehicle not only provides supercar level acceleration, rushing from 0 to 60 mph in about 3 seconds, but it also takes care of the environment, unlike its predecessors, which were gas-guzzling monsters.
Potential Of General Motors
GM has embarked on a journey to sell more than a million electric vehicles to the US and North American markets.
This means that GM’s potential in the EV race dwarfs that of any competitors, including Tesla, and can be attributed primarily to the company’s ability to offer a large number of models.