GM's Electric Vehicle Profit May Struggle To Achieve CEO's 2025 Forecast

Doron Levin profile picture
Doron Levin
967 Followers

Summary

  • GM's profitability forecast for battery electric vehicles (BEVs) was scrapped due to the pandemic.
  • A string of new GM BEV models, led by an electric version of the Chevy Silverado pickup and a Chevy Equinox BEV at a starting price of about $30,000 are slated.
  • Consumer demand for BEVs is uncertain due to inadequate charging infrastructure, premium pricing, and possibility of recession.
  • U.S. government aid key to overcome financial pressure from rising costs associated with battery technology.

General Motors Announces Its Building A New Electric Vehicle Battery Plant In Lansing, Michigan

General Motors Announces It's Building A New Electric Vehicle Battery Plant In Lansing, Michigan

Bill Pugliano/Getty Images News

Credit General Motors Co. (NYSE:GM) for indomitable confidence as reflected by its aggressive all-BEV strategy and bullish financial projections - in the face

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FedEx has committed to buy GM

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CEO Mary Barra at GM Investor Day (GM)

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Price chart for GM shares since 2012 (Fidelity Active Trader Pro)

This article was written by

Doron Levin profile picture
967 Followers
I am a journalist based in Detroit, having spent almost my entire career writing about business and economic subjects for The Wall Street Journal, New York Times, Detroit Free Press and Bloomberg. I'm the author of two books and am an acknowledged expert on the world automotive industry.

Disclosure: I/we have a beneficial long position in the shares of F either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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