General Motors recently committed a whopping $27 billion to future electric and autonomous vehicle development. This major investment will help GM bring 30 new EVs to market worldwide before the end of 2025, two-thirds of which will be available in North America.
That means that by the end of 2025, about 40 percent of GM’s U.S. product portfolio will consist of battery-powered vehicles. These will include small to medium-sized crossovers, SUVs and pickup trucks.
The Buick, Cadillac, Chevy and GMC brands will all be represented in this electric vehicle product offensive as well. As we can see in the chart below, Buick will have two EV models on sale by the end of 2025, while Cadillac will have five, Chevy will have six and GMC will have four.
|ICE / BEV||2021 ICE||2021 BEV||2025 ICE||2025 BEV|
|Buick Compact EV Crossover||BEV||1|
|Buick Midsize EV Crossover||BEV||1|
|Buick Encore GX||ICE||1||1|
|Buick Envision GX||ICE||1||1|
|Cadillac Full-Size EV SUV||BEV||1|
|Cadillac Low-Roof EV||BEV||1|
|Cadillac Optiq (CUV)||BEV||1|
|Cadillac Symboliq (CUV)||BEV||1|
|Chevrolet Bolt EV||BEV||1|
|Chevrolet Bolt EUV||BEV||1|
|Chevrolet Low-Roof EV||BEV||1|
|Chevrolet Compact EV Crossover||BEV||1|
|Chevrolet Corvette||ICE / HEV||1||1|
|Chevrolet EV Van||BEV||1|
|Chevrolet Full-Size EV Pickup||BEV||1|
|Chevrolet Midsize EV Crossover||BEV||1|
|Chevrolet Spark Replacement (CUV)||ICE||1|
|GMC EV Crossover||BEV||1|
|GMC Full-Size EV Pickup||BEV||1|
|GMC Hummer EV Pickup||BEV||1|
|GMC Hummer EV SUV||BEV||1|
|GMC Yukon XL||ICE||1||1|
GM Authority expects the Chevy Express and GMC Savana utility vans to go out of production before the end of 2025 before being indirectly replaced by a new Chevy EV van of some type. The Chevy Spark is also likely to be discontinued and will be replaced by an electric crossover model of comparable size.
This will be a very rapid and dramatic shift for GM. To put it in perspective, the automaker’s portfolio will consist of 97 percent internal combustion engine vehicles for the 2021 model year, but as we noted above, that figure will fall to 59 percent in just four short years as new EVs continue to take the place of aging ICE products.
GM CEO Mary Barra said this month that climate change is a major driving factor behind the company’s shift to EVs and said the company has the desire to “put everyone in an electric vehicle.”
“We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth,” Barra said at the 2020 Barclay’s Global Automotive Conference this month. “We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.”
The GMC Hummer EV pickup will be among the first of these new GM EVs to arrive when it goes on sale late next year, while the Cadillac Lyriq will be close behind in early 2022. The new Chevy Bolt EUV crossover, which will be closely related to the updated Chevy Bolt EV hatchback, is also expected to arrive sometime in 2021.
We’ll be following GM’s electric transition very closely in the coming weeks, months and years, so be sure to subscribe to GM Authority for more General Motors electric vehicle news and ongoing General Motors news coverage.