In an interview on Monday, GM CEO Mary Barra said the company won’t reach its initial goal of manufacturing one million electric vehicles by the end of 2025 “because the market’s not developing” fast enough. (CNBC)
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In an interview on Monday, GM CEO Mary Barra said the company won’t reach its initial goal of manufacturing one million electric vehicles by the end of 2025 “because the market’s not developing” fast enough. (CNBC)
Talking point: GM, backed by federal and Ontario government subsidies, converted its CAMI plant in Ontario to manufacture EVs, and now builds electric delivery vans for its subsidiary BrightDrop at the facility. It joins EV makers Ford, Tesla, Renault and others as companies drop production targets or delay public listings amid waning demand. Uncertainties about consumer appetites for plug-in models has caused a chill across the sector, while companies like Toyota are reaping the benefits of their plans to stick with hybrids.
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