During the recent GM Investor Day presentation, much of the focus was on the future of General Motors EVs. With a stated goal of launching 30 EVs by 2025, this should come as no surprise. But that doesn’t mean that GM has completely given up on ICE vehicles just yet, per comments from GM President Mark Reuss.
“On the ICE side, this is critical because the profits from these vehicles and the rest of our ICE lineup are literally funding our future. And as we accelerate our investment in EVs, and the software defined vehicle, these ICE vehicles are critically important,” said Reuss. “Our ICE vehicle portfolio is in incredibly high demand, and helping us generate record profits to invest in an all-electric future. I want to point out that to sustain and build that demand, we are refreshing key ICE vehicles as we transition.”
Recent vehicle developments support Reuss’ comments, as The General has unveiled quite a few mid-cycle refreshes and next-generation ICE models:
- 2023 Chevy Colorado – all-new
- 2023 GMC Canyon – all-new
- 2024 Chevy Silverado HD – mid-cycle refresh
- 2024 GMC Sierra HD – mid-cycle refresh
- 2024 Chevy Trax – all-new
- 2024 Buick Envista – all-new
Additionally, GM has confirmed that the next-gen Chevy Equinox will arrive in 2024 along with its corporate cousin, the next-gen GMC Terrain. The same holds true for the next generation Buick Enclave, also for 2024, along with the upcoming Chevy Traverse and the next-gen GMC Acadia, both for 2023. In addition to that, two high performance variants of the C8 Corvette have been confirmed, and we believe these that these will be the Corvette ZR1 and Corvette Zora.
As it currently stands, ICE vehicles still comprise a majority of GM’s lineup.
“Every product we launch next year and in the years to come, whether ICE or EV, will be a world-class vehicle designed to take on the best in the industry and what they have to offer, and when. All of them. And that’s how we’re going to grow the business,” Reuss added.
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Comments
Exciting to hear. The Canyon and Colorado will really be some of the first examples built under this philosophy. Hopefully soon test drives start coming out and the reviews support this world class standard.
And time to eliminate the production constraints that seem to be endless.
Only the bread-n-butter brands will benefit another cycle production and refresh with ICE. Cadillac will make due with mid-cycle refresh only for the time being with ICE. Just too bad about the next generation XT5 being China only model but the LYRIQ is far better than the XT5 in every which way.
I believe BUICK will be the first full EV offering, GMC will probably be mostly ICE dominant with a few EVs , Chevrolet will be a mix, and Cadillac will be mostly EV dominant with a few ICE. That’s just what it seems like. I say that for BUICK because they have been out of the performance game for a while, and it’d be easier to market an EV from a 4 cylinder. We’ll see.
I have posted several times that it is not what GM is saying but what they are not saying. Well now the said it.
It was becoming clear GM is going to have two lines of product. One ICE and one EV. We already have an EV Blazer and ICE Blazer. Not the Nox soon the Silverado.
GM never gave an end date to ICE and I expect they will carry the most popular models as long as they can till regulations Kill them.
It is a very smart move.
So while they may market the EV models we still have ICE for as long as it is possible.
But be forewarned there will be an end date at some point due to regulations.
GM is actually handling this well.
Of course they did, GM said several times they would only offer EV’s after 2035. That’s the primary reason for the EV negativity on this site.
Only new models introduced but they never said no ICE models being carried on.
The negativity is mostly due to ignorance to what is really going on.
As EV sales increase and regulation become more restrictive they will phase things out on the ICE side.
There is a lot of misunderstanding of the timing of these events and to be fair not always clear explanation of what is going on.
Google it. NYT 10/21
Did anyone on here actually think GM (or others) would be killing ICE completely in the next 10 to 15 years? I don’t really think anyone did. Yes, you will have some states leading the way to all EV (such as the warmer states) where they will be the first to eliminate the sale of “new” ICE vehicles but you will be able to purchase used ICE for many years to come. Then as the EV tech advances and society accepts it, they will slowly phase out the ICE completely. Yet by that time, we will probably have some other newfangled mode of transportation. Heck, maybe by then we will actually see stuff like I used to watch on the Jetsons!
Why the H e double hockey sticks did they cancel the Cruze, the Sonic, and the Spark? There is a consumer utility basic wheels market. They seem to have forgotten the Cavalier/Sunfire years.
When GM ends the ICE Yukon, Tahoe, Suburban and Escalade you can kiss GM’s profits bye bye!!!!! Those large SUVs along with the ICE pickups keep GM in the black. These buyers will never embrace and all EV GM.
I only buy ICE and rear wheel drive based vehicles. Simply no interest in FWD and certainly not EV’s.
The big phone companies did the same thing with cell phones years ago. Built the networks in the backs of landlines until they were profitable. Now there are fewer landlines in homes and cell phones are popular but still around.
Did Mary ok that statement?
Wow, did GM finally start listening to their customers and realize they would lose over half of them who don’t want an EV, regardless of what Mary thinks?
Ok now get busy and build an ICE competitor for the Bronco and get the ICE Montana to the US market!
How about xt4 anything about this I’m looking to purchase a 2024xt4
I own a 2020 xt4 and love it
Doesn’t seem like GM knows what to do. Once again they will be following others. The days when GM was a leader are long gone.
GM needs new leadership that’s customer-focused.
Toyota’s CEO announced this policy a week or more ago only ,they have ICE ,EV and hybrids to lure customers with various real world needs and not all their emphasis on EV’s,so like you say we are just falling in line with financial reality GM retired !
GM is always the leader, and you know it!
5 dislikes? That must be the ford and dodgetard robots. NOT MY PROBLEM!
Truer words have have never been spoken.
I looks like GM figured out It’s not a good business model to tell customers what they want but instead build the product customers require.
Realistically I think they finally figured out most of us would switch brands to get the diesel truck we need.
GM and others know that EVs do not have the actual range that is advertised in the real world of using A/C and Heaters plus towing and hard acceleration. Towing a heavy trailer will have you recharging every 100 miles. They say charging is no problem because owners will charge in their garage at night, forgetting about the millions of people that don’t have a garage and apartment dwellers that park all over the streets. EVs are not for everyone but are great for others so we still need a nice mix of EV and ICE like the industry has offered forever Trucks, SUVs, and Cars of all sizes, with engines of all sizes. Toyota is the only one using common sense on EVs it knows it’s too early.
Missing from all this is the Camaro. A new Mustang is on thew way. GM has the engines and other components on the shelf. All thsy have to do is get off the old version and redo the sheet metal exterior and interior after the 701/2 Generation car.
Not much room for total investment into a new car that will not sell more than 50K cars
Even the new Mustang will struggle for sales as it has been.
Chrysler only survives on the fact they are using a very old paid off car so the cost are much lower. Even then they are not selling in numbers like they used to sell.
With a tough economy they will see more hits in sales too.
Unless its electric….then GM will gladly lose $7,000 a car to sell 15,000 cars…..
Thank goodness for this common sense. Until such a time that EVs greatly increase their range, can recharge fully in just 10 minutes or less and have a full supporting infrastructure, I will stay with internal combustion vehicles.
Nothing that he is saying is anything new. GM has said in the past (and it is obvious) that ICE profits will fund EV development.
They also said they would be 100% EV by 2035 for 1/2 ton trucks and smaller, so clearly they would need to continue to develop ICE to keep those products profitable and remain competitive until 2035.
All I want is a 7th Gen Camaro, with a V8. Probably won’t happen until the economy and/or fuel regulations are changed.
Sad, but the truth.
I love nostalgia as much as the next guy but Camaro’s just aren’t profitable. Old guys drool and reminisce in the showroom but it’s not a moneymaker for dealers or GM. Personally, I would love to see something along the lines of a 68 or 69 with a 6.2 V8. However, it’s just not politically correct. I do think the Bolt would have been better accepted as an updated HHR. Some people that would have never considered an EV would have given an HHR a look. It was a love or hate it car but a lot of people loved it.
It doesn’t help that there are strong rumors gm will cancel the Camaro or reimagine it to a different type of vehicle. A lot of people do not want to buy a vehicle that will be an orphan in a few years.
So Reuss, what does that mean for the Camaro? You’re about to lose a great percentage there.