General Motors Chairman and CEO Mary Barra participates in a discussion at the Economic Club of Washington in Washington, D.C., on the auto industry’s transition to an all-electric future, the path to self-driving vehicles and recent discussions with GM employees Negotiations”, December 13, 2023.
Elisabeth Franz | Reuters
General MotorsCEO Mary Barra commented on Monday that the company’s goal of producing 1 million all-electric vehicles in North America by the end of 2025 is in serious doubt.
Next year’s production capacity target is one of the last EV targets the automaker has not lowered or withdrawn. Demand for electric vehicles It didn’t happen as quickly as many companies, including General Motors, had expected.
“We’re not going to get to 1 million just because the market isn’t growing, but it will get there,” Barra said Monday at a CNBC CEO Council virtual event. “We’re going to be guided by our customers.”
For more than two years, General Motors has said it would have production capacity for 1 million electric vehicles by 2020. China and North America By 2025.
A GM spokesman initially said Barra did not indicate the company would not meet its capacity targets. He mentioned that the problem was about producing 1 million electric cars, which is not the goal.
The spokesperson subsequently said that the company will no longer reiterate its 2025 electric vehicle production capacity plan.
More details about the automaker’s electric vehicle plans are likely to be revealed when GM reports second-quarter results on July 23.
