General Motors To Launch 30 New EVs Worldwide By 202551
General Motors will increase its financial commitment to EVs and AVs by $7 billion and launch a total of 30 new electric vehicles globally by 2025, company CEO Mary Barra said during a Barclay’s conference Thursday.
GM had previously set aside $20 billion for EV and AV investment and said it would launch 20 new EVs globally by 2023. This was before the COVID-19 pandemic hit, which drove GM to further increase its commitment to battery electric and self driving vehicles. Barra said the company now plans to invest a total of $27 billion in EV and AVs through to 2025, helping it launch 30 EVs worldwide within the same timeframe – more than two-thirds of which will be available in North America.
The automaker says that with this move, more than half of its capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs.
“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” Barra said in a prepared statement. “We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth. We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.”
These 30 new EVs will include Cadillac, GMC, Chevrolet and Buick products. GM said they will also encompass EVs “at all price points,” and and for various lifestyles/uses including work, adventure, performance and family. More than 40 percent of GM’s U.S. portfolio will be battery-powered by the end of 2025.
GM also outlined some improvements to its Ultium modular battery system at the Barclays conference. Thanks to unnamed “engineering advances,” the automaker said its engineers “have increased the previously stated GM-estimated maximum range of Ultium-based vehicles from 400,” to 450 miles on a full charge. We should not that it is almost certain that only select GM electric vehicles with Ultium batteries, such as those with large, long-range battery packs, will be able to achieve this estimated range figure.
Lastly, GM said the short development cycle for the GMC Hummer EV pickup is now the standard across all of its EV programs, bumping their respective development schedules forward. These newly expedited programs include a total of 12 different vehicles and comprise an unnamed GMC pickup, a Chevy compact crossover, a Chevy pickup and four Cadillacs, among more.
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More than 40 percent of GM’s U.S. portfolio will be battery-powered by the end of 2025.
More interested in volume and profits. maybe 5% of volume and zero of profits??
Actually these models should be profitable with the volume and the lower assembly cost.
Much of the development vodtceill be spread out over all the models on much of the power/drivetrain.
We will likely still be in a deep Covid-19/debt/technological change recession, they say worst in 300 yrs, in 2024 so the transition from ICE to EV ISS going tp take time especially with the glut of used and formerly leased cars out there stealing market share.
World wide is key here. That is where initial volume will be.
It also gives GM a chance to be first in a big way in markets they lost over the years.
With the globalization of the environmental laws in many countries and cities this is going to have a real shot at working.
I also noticed a couple of interesting things here.
– The Hummer EV SUV leak looks fantastic, absolutely knocked the design out of the park.
– An electric GMC Sierra was confirmed for the first time today…that surprised me. Also wondering what the hell the 4th GMC vehicle will be that they referenced.
– 450 miles max range is awesome
– With everything moved up, I’d expect the Celestiq sedan to be unveiled sometime late next year.
The thing I maybe found most interesting were the “low roof entries” from Chevy and Cadillac…with no names given. This has to confirm that the coupe we saw under a sheet in that 2017 teaser was in fact the next-gen Camaro. And it also looks like Cadillac will get a performance coupe/sedan on that platform setup as well.
Remember the GM the under the Tech dome where they showed a number of vehicles. We had all shapes and sized. I expect a number of applications including cars and some performance models.
GM we know is targeting Tesla with Cadillac initially.
From what I have seen GM has been working on this latest battery and they have hit on something that has given more range and even lower cost. This gave a green light to many programs that were waiting for the right time.
We should learn more soon.
Note the battery plan was one of the last things they are doing as they will move to this tech to get this all started,
It will be interesting to see what we get and the pricing.
I hope GM can price the chargers in with the cars as everyone is going to need one that buys one. Don’t stick them with a crap cord to plug in 110!
While GM is going big first they still need to get this right. No tech issues, great styling and comfort etc. If they have issues with batteries or motors, if the cars fall apart etc this will doom this whole move.
Tesla has been able to avoid the issues in the media as they sell so few cars in the big picture. Also the media gives them a pass as rear bumpers fill with water and fall off. GM will get litt free pass if there is an issue.
Have you see the Hummer SUV and the Chevy EV truck in the GM press deal. Has some things that may make all this interesting. it is not just a Silverado with a battery.
Autoblog has it,
Yeah, I actually am a mod for the HummerChat website where a member first dropped the leaked images that everyone is using lol, so I was like the 3rd person outside the investor’s conference to see it. I’ve gotta say, that SUV actually looks to be the most handsome vehicle ever to wear the Hummer name.
Also, I also saw the truck…what did you notice that stood out to you?
No separate bed.
But I suspect it is not full size. It is hard to get a scale to it but it appears more Colorado size to me.
The platform is flexible in length and width. The SUV looke Traverse size and that is Colorado size,
Note too the Hummer is no as big as a H2 but not as small as a H3.
Good eye! On all 3 counts.
Especially that last comment, I am a big, big fan of having the Hummer EV SUV sized in between the H2 and H3, that’s the perfect size imho. You want it more maneuverable like the H3, but you also want the classic aura of the H2.
Makes sense, especially when buying a new ice car after 2035 will be banned in some pretty big markets around the world.
Cheaper to build, cheaper to own, and soon cheaper to buy.
so lets assume power density and range go hand in hand. let’s say the lyriq has a 100-kWh battery. to get the same range, we now only need a 50 kWh battery since gm is saying power density will double.
assuming the current price for batteries is $130/kwh, the battery cost today would be $13000. but gm is saying by 2025, battery cost drops 60% to around $52/kwH. to get the same range, the battery will now cost $2600???
if that is what gm is claiming, that is incredible.
Mary betting the ranch in EVs. Hope she knows what she’s doing? Governments all seem to be pushing this way so , it may work? Time will tell.
I feel that she is betting too much on it. I and many I know have no interest in EVs. The primary reason is the up front cost and right behind it is the range anxiety and lack of charging stations. GM would have been very smart to couple Ultium with the Voltec technology they wasted so much money on only to abandon. I would have considered a vehicle like that, but not not a pure EV at this point.
“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle” If the grid is powered by less 20% renewable energy, electric cars are barely helping that cause. The only reason Mary is pushing electric so hard is because the technology has way less assembly and substantially lower production costs. It’s all about profits for her and I’m not buying her, “its good for the environments spin.”
The thing is about the profits though, if no one buys your BEVs in the meantime it’s gonna be awfully hard to break even. Best of luck to GM, but it’s looking more and more like they won’t be offering an ICE vehicle that will suit my needs. They are straight up phoning in there ICE offerings in the b/c segment because they really don’t want anyone to buy them. Meanwhile the full-sized ICE trucks that all the fat dads buy, and don’t actually need, are still GMs bread and butter… absolutely hypocritical bs. /rant
I have to agree with this comment, as she cares not so much about climate change and more so about profit on evs that are cheaper for her to build.
Best of luck GM, especially Cadillac in the US market. Even with 30 models GM won’t move 100k units or even close to it without China.
Only problem is that the United States doesn’t have the power grid to support a massive influx of electric vehicles which meaning country wide rolling brown outs.
The power grid, just like gas stations at one time, will be upgraded to suit.
Yea right mate. Upgraded eventually. Due to regulations it takes a long time to just build a new power plant. What will happen is that utilities will drastically raise the prices in the short term. They will implement load shedding measures during peak hours. Utilities will wait as long as possible to upgrade. This is if people buy EVs en mass.
It is the smart thing to do for utilities to be slow as there is no grantee that the world will stick with battered powered cars.
But who will pay for it? Like it or not, gasoline has a lot of advantages over electric. It is portable- you can carry a 5-gallon can in the back of your pickup, you cannot carry spare electricity with you.
Hey Matt! IMHO You are absolutely correct as I speak as a retired Power Generation Distribution & Control Systems, and later IT Programmer Network Design and Programmer in that YES our country is FINALLY pulling ahead in in Alternate Vehocles and Power Supply Systems. Think about it people, ten years ago about 3 % percent of real world grid power in US was Alternative Energy sourced. Now, just over 20, and most US utility providers GET IT that we can not keep buying foreign oil, or keep burning it! Lots of Engineers way smarter and talented are going at the various available energy technologies. Yes kids, you can have your “practical” things like high output portable fueled generators for commercial/construction usage but they will burn hydrogen created and stored by Aero- Generators, Photovoltaic (Solar) Arreys and even smaller WAY SAFER Nuclear Fusion plants! Mean while, just like now is available (like on my roof!) Individual homes will have Solar to provide 60% of more of their energy needed, as that is a realistic cost point payback of 3.5 years including Rebates, or about 5 for average newer homes built in the last 25 years. The other 40% will be supplied with probably 10% coming from community, larger subdivisions, and even some cities owning smaller to medium Aero Generators with the last being supplied by the utilities mainly for large power usage industry, and reserve capacity for of course those sunless drizzly days with no wind. You can literally see the technologies coming online daily in real world accessible packages. If you can afford a $250K home, why would you not add a solar Arrey and or small aero Generator? This is an exciting time to see all of this come to pass if I live a few more years. . Regards, Brandt…
There has to be a chain of quick charging stations for GM to sell EV’s in any volume close to what they sell ICE vehicles. You have to have a Chevron-Shell-Exxon size chain to handle large volumes of EV’s, and it will have to be geographically everywhere. No station can be more than ten miles from the next, and each must have at least 6 charging outlets to handle the demand. Without the chain of charging stations, locations to power up your EV will be as anonymous as they are today.
No to mention the time. It takes about 5 minutes or so to fill up a ICE vehicle. If it takes an EV any more than that, you will have to have more than 6 charging outlets to avoid lines at the station.
Which means more electrical power stations burning natural gas to help outdated grid. Rearranging deck chairs on Titanic?
A lot of people do not realize this!!
I am an electrician, does take much to see that even if, lets say, 60% of people own EV’s. What’s going to happen at 5:30 PM every day when people get home from work? They all go to plug in their cars at the same time….that’s a lot of strain on the grid.
Some cities struggle to keep up on hot days…..imagine when its 100 degrees out, and people are coming back from vacation? Now you wont have AC nor be able to drive anywhere.
Henry – I’m also a Master Electrician.
California is the only one having trouble keeping their lights on…..
As battery prices decrease, there will be no more call for inefficient gas turbine ‘peaking plants’, since cheap energy storage will help with load peaks, and damaging UNDERLOADING of the existing central power plants. Rather than being damaged, the central stations will charge the batteries for later use at 5:30 pm.
Time-of-day pricing will even the loading on the ‘grid’ since people drive miles to save a few cents per gallon of gasoline. If you make the electricity half price during the slowest part of the day (typically, the morning in the summertime), plenty of people will shift their charging habits to take advantage of the bonanza.
But all this Chicken Little stuff is nonsense. ONE ev in a household uses the same amount of juice as is saved by Compact Fluorescents and LED’s – since they banned commodity light bulbs. Two EV’s per household could be handled if time-of-day pricing was used for the slow usage part of the day. Three EV’s per household will never happen, but if it did, there would by that time be adequate facilities, since you have to do absolutely NOTHING to handle 2 per household. I have 3 plug-in cars, and I’m on my sixth EV.
In the 1960’s, power companies had to build on average SIX big central stations to take care of the additional load for Power Piggy frost free refrigerator energy hogs (that used electric resistance heat to keep frost from forming), as opposed to the tiny freezer compartment ‘energy efficient’ jobs they replaced. I didn’t see many lights go out for lack of juice.
Just because California in general and Los Angeles specifically is incompetent in not clearing right-of-ways for their high-tension lines, and get rid of all their base loading generation prematurely – does not mean that other places currently hotter than them are going to do the same silly things.
This whole load of crap about EVs being so great for the environment. That and solar and wind power are just some magical solution that will end all “climate change”. Do any of these eco nuts understand where the material for their so called “green” solutions come from… it’s not sustainable
You do realize that one day (not too long in the Future) there will be so many Batteries in the World that humans will not need to mine for the materials correct?
Battery materials are about 90% recyclable. And pretty much do not degrade from each time it is recycled.
Tesla is already recycling small batches and there are other Companies doing all sorts of batteries.
Is Gasoline burned in an ICE engine recyclable?
EV’s have nothing to do with so called ECO Nuts but it has to do with cost.
I have been stating here for years that one day it will become so cheap to produce an EV vehicle compared to an ICE vehicle that Legacy Auto Makers will have no choice but to convert.
Tesla basically announced they will have the cost down to like $60 per kWh in less than three years.
I mean they announced they will have a $25,000 Vehicle.
ICE is almost over. We can be as upset as we want but Technology waits for nobody. How is Nokia doing these days after Steve Jobs showed the World the iPhone?
You do realize despite the news and EV wackos that OIl and natural gas are renewable sources of energy. Its alway being created and we are not even close to using it up or using more than that is produced by the earth yearly. Humans burning fossil fuel is very little part of CO2. Most is naturally occuring. Volcanoes and any major explosions produce more CO2 in one yeart than humans could do in 10 years. Nobody will ever be carbon neutral. Its a money making scheme that too many people are falling for.
Now GM could start putting charging statition at all its dealers and work with Loves, or Another big travel center to put charging stations in. However most driving cost country do not want to stop for a hour to recharge a car.
JOE – even though I’m a big EV proponent – have 3 plug in cars, and probably will never buy another vehicle that I cannot plug in – I agree with you that it is beyond silly to call Carbon Dioxide a ‘Pollutant’ as it is a Building Block of Life.
Instead of worrying about the trivial 850 parts per million of CO2 in the atmosphere (it having been at times 5-10 times this amount), it is more instructive to look at the CO2 levels at which Photosynthesis STOPS. Should that happen, all humans will die.
We obviously have an extreme shortage of CO2 since hot houses have to artificially pipe in extra CO2 to make their plants grow better – at current levels they are basically starving.
And it is not what is stupidly called “CARBON”. It would be doubly correct to call it Oxygen – since that is what you get after plants process it. It is more correct to call water ‘HYDROGEN’.
Suffice it to say that we will always have an oil industry for plastics and pharmaceuticals, as well as a subsistence level of internal combustion engines… Compared to 70 years ago, even I have to admit they are very CLEAN and efficient – so much so that people will always buy them, whether for personal use or for industrial use.
Yup Buddy, when is the last time you have seen a harried business man keying his Crackberry hard key board!
Not to mention the visual pollution of windmills everywhere.
As they fly in private jets and cruise on yachts.
Look GM is doing this to survive into the future. This is not just a California playing games it is a number of major countries and global unions that are forcing this direction. This lis less risk doing this vs not doing it.
Yes this is being done to make money by GM not to save the world. Tesla is not a Charity either.
It is the responsibility for a CEO to lead a company to more sales and more profits for a return on investment to investors.
Change is never easy and often not fun. While GM is getting the front end of this sorted out there is still the back end to sort out.
For owners how will values of used models hold up? Will these cars used do well in resale or will they age fast as technology moves on making them like a IPhone3 in today’s world?
Things may get like Cell Phones where leases may become more the norm?
There is just a lot to be sorted but we are for sure started on this journey.
Things may even exceed just meeting ICE levels of service. The Sky is the limit but change is inevitable.
It would have sucked to have a car in my area this week as many have been without power for a week here.
I think once EV’s take off that ICE vehicles might become worthless. That is typically how tech works.
This Shift will hurt some consumers.
Some might buy ICE a year or two before the inevitable EV S-Curve hits and their vehicle might become obsolete and not worth much in an open market situation.
Maybe Governments around the World might have to step in and assist a little bit. For both consumers and Auto Makers. These next 5-10 years can get crazy.
Hope for the best
No because EV is not a fits all for everyone.
There are people who will still need ICE. Just look at the many who live in areas with no garage or close charging. Farms, Isolated jobs, cold regions.
Like I said ICE is planned to be around till 2050 in most line ups in some forms.
Much will depend on where you live,
While GM may turn 40% of its fleet to EV by 2025 the market will take longer to convert.
People just think on the surface with EV and ICE you need to look at life styles, applications and regional things and how they apply.
When smart phones came out it took a while to spread and even now there are still people with flip phones.
Now some are forced out due to the end of 3 G but even with that not everyone will have 5 g for a while.
Migration takes time on many levels.
However just like Plastic bags and bottles they say oh we will recycle. Thats a bunch of BS. If its not profitable it won’t be recycled. We should be buring all plastic waste and use it to make energy. Yes it polutes some but it doesn’t polute the water and ground and can be burn so hot that there is very little left over. However people are too dumb to understand any of this.
This is where common sense meets reality. I am a strong supporter ofAlternative Energy and EVs, but totally agree we should burn all plastic waste not recycled in high output Retort furnaces (relax guys…they have damn near NO toxic emmissions), and capture the heat to spin electric turbines to allow for those cloudy drizzly windless days, or market steam like in some cities like today. Exactly ALL technologies work together realistically together! Hydrogen Fuel for needed stationary motors, or isolated areas lacking infrastructure, IE large construction or emergency stand by Generators, with solar, smaller more efficient mid sized aero generators now avaliable that are 3 stories tall, not 10 and the width is less because they use much smaller high efficiency propellers unlike the first generation rigs. Again, it is all coming together guys. B.
Government money, she’s in bed with Biden
30 EV s by 2025, then government bailout by 2027………..
GM hype that they will jump the shark higher and farther than anyone else……….
Can you tell me any automaker with a comprehensive ICE only program past 2028?. GM never said they’ll getting rid of ICE
Look up the SAE Org magazine for July Aug 2019. It is on line and google will pull it up.
The story there interviews many engineers from a number of companies and get their opinion on ICE Vs Ev.
They expect the market to be 50/50 by 2030. They also make it clear there will be some ICE still used and planned till 2050.
Now regulations and advancements with Electric can change this time line along the way but that is what they are looking at now, If new tech is discovered this could change fast if not they could remain the same. I will post a link in a new post if it will let me.
These are the people who are doing the EV work and future products. They are not their opinions but their plans.
10 years in electronics is a long time just look at a 10 year old I phone compared to today.
Please all read this as this is from the people who are really doing the work. This is the stuff the media generally does not get.
It is from last year and things appear to be speeding up now so even this timeline may be a little slow.
The changes are coming no matter if you like them or not. Regulations, Emissions and development cost alone are driving this and there is no going back.
Automakers are just trying to survive as it is difficult for them to meet everything today and still make much per car at a price people can afford. To many a new car is a 7 year payment or a pipe dream. If they can contain the development cost then they will be able to make money and hold the line on cost.
As it stand we are looking at a number of companies that could easily fail in the next ten years. Just look at the stock prices and the liabilities of many. Ford would be gone today if the family did not own half the company. This is serious stuff here that Motor Tend will not print.
I have read through most of the 40 plus comments written here and, sensibly, many of them are positive about EVs.
In Australia, the comparable public feedback about EVs is very negative. I expect this general negativity will disappear but it may take years.
I am optimistic for GM. I can see them becoming the World’s leading electric car manufacturer.
Hint. Buy GM shares. They have gone up 100% since this year’s low.