General Motors (GM) is gearing up for a major push in the electric vehicle (EV) market in 2023. CEO Mary Barra has outlined the company’s plans to overtake rivals and become a leader in the EV space, with seven Ultium-based EVs planned for release by the end of the year. GM is leveraging its dedicated EV platform, Ultium, to offer a range of vehicles at different price points, from small compacts to super trucks like the Hummer EV.
The automaker is also investing heavily in its supply chain to ensure it can meet the demand for EVs. GM and LG have already opened one battery plant in Ohio with 35 GWh annual capacity, with two more planned in Tennessee and Michigan. GM has also secured semiconductor components from GlobalFoundries and is reportedly in talks to acquire a stake in a Brazilian mining company’s base metal spinoff.
Barra believes these developments will put GM in an advantageous position to gain market share and close the gap on EV leaders in 2023. To achieve a 20% margin on a $40,000 EV, GM will need to continue driving down battery costs.
GM is confident that its investments and strategic plans will pay off this year, with Barra saying: “We are different from the rest of the traditional OEMs, and this is our really going to be our year to demonstrate it.”
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK and can be purchased from a variety of dealerships.
Q2. Where can I find electric car charging stations near me?
A2. You can find electric car charging stations near you by using online maps or apps such as PlugShare or ChargePoint.
Q3. Which electric car is the best?
A3. The best electric car depends on your individual needs and preferences. Some popular models include the Tesla Model 3, Nissan Leaf, and Chevrolet Bolt EV.
