General Motors released its fourth quarter and 2018 earnings this past Wednesday and it showed the automaker remains in good shape, even as it sheds thousands of white collar jobs this week and prepares to idle manufacturing plants in North America.
However, GM CEO Mary Barra also spoke about electric cars and underlined her stance that the automaker could see profitable EVs take shape next decade. On an investor call, GM CEO Mary Barra was asked about the automaker’s EV program, and although she side-stepped a question about electric pickup trucks, she highlighted GM’s partnership with Honda and strong position in China.
“I think we’re in a good position, driving our cell costs down,” she said.
In 2017, Barra named 2021 as a target date for the automaker’s first profitable electric car. However, it appears 2022 might be more realistic following news Cadillac will emerge as the company’s banner EV brand. Cadillac also teased its first electric car, an unnamed SUV, ahead of the 2019 North American International Auto Show last month.
The SUV will ride on one of GM’s new electric-car architectures, named BEV3. The platform is scalable to meet various vehicle sizes and can underpin front, rear, and all-wheel-drive vehicles. GM targets a minimum range of 300 miles with the platform and its future EVs.
We still expect to see at least one other EV show up based on the Chevrolet Bolt EV’s platform, which will reportedly be a Buick. Previous reports said Buick’s EV plans had been stalled internally, however, so it’s unclear when we may see the vehicle debut. Recall, as part of GM’s 20 new electric cars by 2023, we were supposed to have seen one new EV by now.