As GM Authority previously reported, General Motors abandoned its goal of producing 400,000 electric vehicles in North America by mid-2024 back in October 2023. Instead, the Detroit-based automaker has shifted its expectations to building somewhere between 200,000 to 300,000 EVs during the 2024 calendar year alone.
During GM’s Q4 2023 earnings report, CEO Mary Barra claimed that The General had plans to produce between 200,000 to 300,000 Ultium-based electric vehicles in North America over the course of the 2024 calendar year, across the Chevy, GMC, Cadillac and BrightDrop brands.
Of course, General Motors will be following consumer demand for all-electric models in the months to come.
Barra also pointed to third-party market analysts who forecast a rise in demand for EVs, growing from roughly seven percent in 2023 to at least 10 percent in 2024, which would in turn result in another year of record sales of electric vehicles in the United States.
In regard to GM all-electric models, the list currently includes the Chevy Blazer EV, Chevy Silverado EV WT, Cadillac Lyriq, Cadillac Celestiq, GMC Hummer EV Pickup, and GMC Hummer EV SUV, along with the BrightDrop Zevo 400 and Zevo 600 vans. Moving forward, the Cadillac Escalade IQ, Chevy Equinox EV, Chevy Silverado EV RST and GMC Sierra EV Denali will arrive in dealer showrooms later this year.
|2023 Calendar Year Sales
|BrightDrop Zevo 400/600
|Chevy Blazer EV
|Chevy Bolt EV/EUV
|Chevy Silverado EV
|GMC Hummer EV SUV/Pickup
With all that in mind, General Motors believes that it is still on track to accomplish its goal of reaching an annual EV production capacity of 1 million EVs in North America by the end of the 2025 calendar year. In addition, the Detroit-based automaker expects electric vehicles to become profitable from the second-half of the 2024 calendar year onward.