General Motors delivered big news at the Barclay Global Automotive Conference yesterday. Aside from teasing a future electric crossover, the automaker also announced new details for its electric-car plans, which include an all-new EV platform and a new battery system.
GM will have the platform ready for 2021 and said it will support nine separate vehicles to start. Reuters reported on Wednesday the vehicles include a compact crossover, a seven-passenger SUV and a large commercial van. The most important aspect of these future electric cars? GM said they will be profitable.
“We are committed to a future electric vehicle portfolio that will be profitable,” Barra said
GM will aim to reduce its lithium-ion battery costs from $145 per kilowatt hour to under $100 by 2021. The cost reduction would bring electric cars closer to a price parity with cars powered by an internal-combustion engine. An all-new battery system will also help slash costs by 30 percent, per the automaker, and range should soar past the 300-mile mark.