General Motors says it will stop burning cash on electric vehicles by 2025

General Motors wants to be the and so far, it’s burning a lot of cash to get there. But by 2025, the cash burning will officially cease, as the company projects its EV program will be “solidly profitable” by then.

The company, which is the largest automaker in North America, outlined the plan to achieve this goal to investors at a splashy event in Manhattan on Thursday. GM said it will sell 1 million EVs annually starting in 2025, and to illustrate this point, it had a variety of electric models on display, including the stunningSelling 1 million EVs a year will be no easy task, even for the nation’s largest automaker — it took Tesla over a decade to hit that marker.

“We can see people wanting electric vehicles, even more than what some of the experts on the industry say by 2025,” Mark Reuss, president of GM, said in an interview with. “I think it’s gonna be higher than 17 percent. I think it’ll be quite a bit higher. And people want electric vehicles in all segments. So, we’re going to take our time and get it right.”— at a loss — in the US by the end of the year.

GM wants to sell more EVs because it needs to; the company is on a deadline to achieve carbon neutrality by 2040. And this isn’t some altruistic measure. A number of US states, led by California, have declared their intent to ban the sale of internal combustion engine vehicles by 2035 or later. Reuss confirmed these plans. By 2040, no Chevy, GMC, or Cadillac dealership in North America will carry gas-powered vehicles. But what about other countries? “Globally, you know, we’ve got markets that are on very much different transition lines,” he said. “So I would gate it with that.”

gm! 👋

That’s when the government money runs out that’s been dumped into these car manufacturers to force them to make EV’s

With the government assistance

Laughable, better question is when will they stop lobbing for fossil fuel?

How many times you going to post this

What does it mean?

Stop building vehicles or what do they mean?

Nope. Too late. The EV1 debacle, and 7 GM vehicles I’ve owned early in life that all died catastrophic engine/transmission failures costing thousands over and over again - until I bought a Honda 8 yrs ago and have spent nearly nothing on repairs. GM is forever dead to me. Forever

Will stop sure 🤣🤣

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