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GM Plans To Build 200,000 To 300,000 Ultium-Based EVs In North America This Year

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.

Front-three-quarter view of Cadillac Lyriq, a GM product.

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.

General Motors 2023 Calendar Year EV Sales
2023 Calendar Year Sales
BrightDrop Zevo 400/600 497
Cadillac Lyriq 9,154
Chevy Blazer EV 482
Chevy Bolt EV/EUV 62,045
Chevy Silverado EV 461
GMC Hummer EV SUV/Pickup 3,244
Total 75,883

It’s worth noting that the Chevy Bolt EV and Chevy Bolt EUV aren’t Ultium-based, riding on the older GM BEV2 platform.

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.

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As a typical Florida Man, Trey is a certified GM nutjob who's obsessed with anything and everything Corvette-related.

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Comments

  1. Expand your horizons. Read more than GMA and you will see MANY other voices sharing the same view.

    Reply
    1. The fact that Tesla had to drop their prices is telling of where EVs are headed. GM didn’t need to do that because they have other ICE vehicles that can still pay the rent. But Tesla has nothing more than EVs and Solar Panels. So if the market is saturated and nobody else is buying them, guess where the price of the cars head.

      Reply
      1. Tell the whole story. They cranked up their prices. Every month there was a huge price increase from Tesla. Then when the inventory started increasing industry-wide, they dropped it back to where they were or slightly more. They just gouged the market while they could get away with it and now they are back to the normal prices. If you’ll remember, for the first time GM was getting full price for their trucks with no real discounts. Those discounts are back.

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      2. Yes because people like me are patiently waiting for volumes, shakeouts and price drops so as to not get gauged by dealers!

        Reply
    2. im aware people take words at face value and i do too more often than i should. however i used the specific words that i did in the way that i did for a reason. Your post has nothing to do with what i said, at all. Now i could explain what i originally said but i feel that you will just circle around to your own little angle regardless and as such i will save myself some typing. Instead i just typed this here, telling you, you missed everything i said. It happens, dont worry about it. We all do it at times.

      Reply
    3. If you keep your Volt more than 8 years expect to pay around 20,000 for a battery not including labor
      Resources; several GM dealerships service managers
      No thank you

      Reply
      1. Are you sure you know what your talking about? Mine is 10 years and going strong still.

        Reply
      2. Really? I see them listed for $5,500. The Volt is a hybrid, by the way. The battery isn’t very big.

        Battery prices are coming down all the time.

        Shops already exist, and more will start-up, that can assess batteries and only replace the faulty cells. Vastly cheaper than buying an entirely new battery. Do you buy a new engine when you need to replace a water pump? Not likely.

        Reply
  2. That’s roughly 5700 a week , good luck on that gm . It’s one thing to say we’re gonna build them , another thing to actually build them , another thing to actually sell them instead of jamming dealership lots full of them to sit there .

    Reply
    1. Especially since the Bolt/Bolt EUV is no longer in production, and accounted for the majority of GM’s EV Sales Volume last year. Exlcuing those two models, GM only sold 13,838 EVs. 200-300K is a 14-22x sales growth forecast from their current models. The only reason people purchased the Bolt in any sort of voulme, was that IT WAS CHEAP, especially with the EV tax credit. The Ultium models are expensive. My forecast: GM sells less than 100K EV’s this year, way less. PROVE ME WRONG GM!

      Reply
      1. Their main constraints were battery cell and pack production, which they seem to have solved. The Ohio cells factory is at 100% and that’s ~40Ghw/yr capacity. Enough cells for 400,000 100kwh packs.

        They have a second battery cell factory just ramping up production and a 3rd due to start before the end of the year.

        Blazer EV
        Lyriq EV
        Equinox EV
        Silverado EV

        Bolt EV 2.0 is said to be a 2025 model year. So maybe could start before the end of 2024.

        But I think they have a good chance hitting those numbers.

        Reply
  3. lol doubtful, and do we all understand how stupid of a forecast spread 200,000 to 300,000 vehicles is?

    Reply
    1. Its only a 50% difference… Why get more specific when the low end of that estimate is probably already at least 50% greater than whats actually going to transpire. The real question is, will leadership be held accountable when these already scaled back goals once again become epic failures this time next year? For my entire life, GM has always been 1 year away from success…

      Reply
  4. Which is why they are course correcting on offering hybrids in North America again? Don’t be a sheep, you can think for yourself using logic and understand not everything Gm does is smart. They should have never abandoned hybrids under the belief that EVs could roll out with significant ability and price point to skip hybrids. Just pure stupidity to think that. And with the stock buy back recently I knew with damn near certainty a hybrid announcement was coming: here we are today.

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  5. With available supply of vehicles on the lots exceeding ideal of 60 days across all GM brands except Cadillac (Buick at about 110 with i USA, 2 South Korean & 1 Chinese built models), may have to expand lots for these to sit unsold.

    Reply
  6. And just who do they think they are going to sell them to lol.

    Reply
    1. Obviously, only a very few “niche” buyers who are not aware of the multiple issues with EV ownership and have been indoctrinated by all the propaganda about them. The rest of the prospective, buying public seems to have come to their senses and avoids them.

      Reply
      1. Most of the buyers will probably be previous EV or Hybrid owners who know exactly what they are buying into. No need to assume everyone is stupid!

        Reply
  7. “Plans to build” and “sell” are two different numbers

    Reply
    1. This! After the pictures the Tesla graveyards all over the Midwest and Northeast during the last round of cold weather, it’ll be a tough sell for Mary.

      Reply
  8. Now all they will need are customers.

    Reply
  9. Didn’t they also claim they would sell 70k bolts in 2023!

    Reply
    1. US market alone they sold about 62,000 in 2023. So pretty close, and they sell them in other markets too.

      Reply
    2. Yes, and they exceeded that goal – 76,120 in North America alone, which doesn’t include sales in South America and Korea.

      Reply
  10. EV’S are not the near future. They are surely down the road but until the batteries last while towing, in extreme cold temperatures, get better range, and the U.S.A has a better surplus of charging stations. This guy and many others like me will stick to their ICE vehicles.

    Reply
  11. We’ll see if they sell.

    Hopefully these models adopt the new charging standard. That’s holding them back currently.

    I think the Equinox EV and Blazer EV will lead the way. The Blazer EV is extremely well done from a design standpoint IMO.

    I think they should try to make a Chevrolet coupe and a Buick sedan off this chassis. Something bigger, higher performance, and longer range than the Model 3. Higher end versions need to demonstrate the performance potential of GM electrics and go after the Model S.

    Reply
    1. 2024 they will get adapters to be able to use NACS chargers. 2025 model years should come with the port from the factory.

      It’s not a big deal though. I’ve only had to use DCFC charging in 8 years of owning EVs.

      For long road trips outside the range of my current EV (~280 miles) usually it means bring the whole family, (and dog until she passed away last summer 😢) plus camping gear, or boating gear or both. So that meant taking our minivan, which no one yet makes an all-EV minivan for the US.

      But our minivan is a PHEV, so with that vehicle we do about 80% of our annual miles on electricity, conveniently just plugging it in at home.

      But as soon as there is a suitable all-EV replacement for the minivan, we will be upgrading. Although at this rate, it seems like no one really has anything on the horizon before my kids are out of the house and we don’t need a minivan anymore. And we could downsize.

      Reply
    2. The charging standard is not holding them back. Not being produced and released for sale is what is holding them back.

      Reply
  12. Well lete start by saying I like EV cars and trucks but I don’t want to be forced fed to drive one like a toddler who want eat his dinner. Now everybody on here complaining about GM’s latest EV problems doesn’t realize that all of these companies are having problems because they are rushing EVs to market instead of taking the time to build a good quality vehicle. Also it took well over a hundred years for ICE engines to reach the Pinnacle that they are now…Rome wasn’t built in a day folks!

    Reply
  13. The number will be more in the range of 25,000. GM management once said they would sell 50,000 Hummer EVs a year. So far only 20,000 hummers have been sold in three years!!!!! I don’t know why some people fall for this nonsense.

    Reply
  14. At some point GM needs to just quit crying wolf, this is getting embarrassing – another empty promise on BEV production numbers. There is no way they will achieve this, even counting the ones they make for Honda. They were barely capable of producing 13k total Ultium BEVs in 2023 – with some of those still on dealer lots. Now they promise 200-300k – more like 20-30k, which would be progress.

    Reply
  15. More AI deletion of comments.. Tried 3 times to post something pertinent but got them deleted.

    Let me put it this way. GM cars that work the best seem to be manufactured in locales that pay the highest rate for skilled work. The fact that there is a Stop Sale currently on the Blazer EV by this rubric is to be expected..

    Lets see if the AI police can decipher that paragragh and delete it.

    Reply
  16. I will believe GM can ramp up their BEV’s as soon as I see it.

    Having said that, even if they ramp to 200K-300K that is just not enough.
    The Silverado/Sierra should be at those numbers alone.

    Reply
  17. I didn’t even know you could purchase a Silverado EV now? It says they sold 461 of them in 2023?

    Reply
    1. They have a WT trim that is for fleet sales only.

      Reply
  18. Reply
  19. “In addition, the Detroit-based automaker expects electric vehicles to become profitable from the second-half of the 2024”
    IS THAT PROFIT TO BE WITH OR WITHOUT THE GOVERNMENT’S LARGESS OF TAXPAYER REBATES TO THE PURCHASERS?

    Reply
  20. In one year Tesla sells more EVs than GM has in 25 years. I have heard stories of Bolts staying on the dealership lot for 200 days. However, the worst of all is the Hummer EV , which is almost impossible to sell. This may explain why I have never seen one either in the dealership or on the road. I have seen a lot of YouTube videos of Hummers being towed back to the dealership after a few hundred miles. When is this madness going to end?

    Reply
    1. You realize there was a stop sale on the Bolt EV for a long time due to the LG Chem caused battert recall, right? And it took LG Chem a long time to build new replacement battery packs for all those already b shipped Bolts.

      Reply
      1. Yeah Rev – stop sale for an eternity and then when they FINALLY get everything working right they shut down American Made production of both the BOLTEV and EUV.

        They will have learned nothing since they are going to a different battery.

        I was pissed that I was to get a replacement battery but all I got was software instead.

        I do though, like the $1,400 visa virtual card even though many merchants can’t take it, and they charge a monthly maintenance fee. This was to encourage people to do the recall. Of course the price of the car dropped over $4,000 just after I bought it so the visa is at least partial recompense.

        Reply
  21. strange GM is going to build 5700 a week? You cant sell ICE suv buses and pickups on the lots now, at the prices you are charging…good luck and great planning on their part!

    Reply
  22. I have had my 2024 Cadillac Lyriq AWD for 6 weeks and 2,400 miles.
    I absolutely love it!
    It is so quiet and comfortable. It has 500 HP and the torque is simply incredible.
    Previously I’ve driven an XT6 with Super Cruise for 33,000 miles and it was great. The improved Super Cruise on the Lyriq with Lane Change on Demand and Automatic Lane Chane is outstanding.
    I’ve had five Corvettes and currently a ‘23 Camaro SS. Electric is a whole new driving experience and I hope there will be a Camaro EV convertible sooner then later.Enjoying the convenience of plugging in at home to charge and also the 2 years free from GM EVGo changing. Test drive an electric. The Mustang Mach E was a blast to drive, but the Cadillac has more luxury features. Take advantage of some of the deals that can be had on Mustang Mach E before more people discover the fun of an electric.

    Reply
  23. “orange” is a racist term pertaining to a person’s perceived skin color that the leftist Media photographers falsified by adjusting the “warmth” settings on the CCD devices in their digital camera to produce another lie to fool the sheeple. But thanks for “outing” yourself by using it ! Meanwhile, FORD has severely curtailed production of all their EV’s since they are sitting on dealer’s lots, unsold, for a protracted period of time on their floor plans. It seems the rank and file in the UAW has realized that voting Democrat will result in the loss of at least one-half of their jobs due to the Democrat foolishness of trying to push EVs down our Throats. But the overpaid Union Bosses have already “endorsed” clearly-demented Biden.

    Reply
    1. Ford has not curtailed their EV production. Tell the truth now. They are still planning to increase production this year vs last year, but not as much as originally planned.

      Reply
    2. All vehicles are sitting on lots longer now, not just EVs. Did you notice how empty lots were during Covid? Well go and drive by any lot now and you will see they are getting fuller again. Production is back where it was pre-Covid, for the most part.

      Nobody is pushing EVs down your throat. If you don’t want one, don’t buy one. Move on with life. Stop trying to tell everyone else what they should or shouldn’t want.

      Reply
      1. Clearly, you are one of the many uninformed and under-informed people out there who have no knowledge of the MANDATES issued by the tyrants running several DemocRAT-controlled States forbidding the sale of anything but stupid EV’s as of 2035. IF THAT isn’t “shoving them down people’s throats” what do you call it ?

        Reply
  24. I can’t wait until it fails miserablely 😂 Does saw the light seeing as they can’t even give away their EVs. te dealership here has brand new 2yr old Mach Es that are brand new still 😂😂

    Reply
  25. You can build as many as you want. You need to find people dumb enough to buy them! Just ask Stellantis!

    Reply

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