Automotive and Transportation
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Automotive and Transportation
Source : (remove) : Jalopnik
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GM Wants To Sell More EVs Because They Aren't Losing Money On Them Anymore

General Motors (GM) is aiming to increase its electric vehicle (EV) sales as these vehicles are now profitable, with the company reporting a profit of $9,400 per EV in the first quarter of 2024. This profitability is a significant turnaround from previous years when GM was losing money on each EV sold. The company's CEO, Mary Barra, emphasized the importance of scaling up EV production to meet growing demand and achieve cost efficiencies. GM's strategy includes expanding its EV lineup, improving battery technology, and enhancing its Ultium platform to support a broader range of vehicles. The company also plans to leverage federal tax credits and other incentives to make its EVs more affordable to consumers, thereby boosting sales and further improving profitability.

Read the Full Jalopnik Article at:
[ https://jalopnik.com/gm-wants-to-sell-more-evs-because-they-arent-losing-mon-1851750106 ]