GM's Barra backs away from having all-electric lineup by 2025, saying customers will decide [Yahoo! Finance]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance
Barra did soften GM's stance on the timing to go all-electric, noting that, ultimately, the composition of GM's future vehicle lineup will be guided by customer demand. That's an easing up from GM's previous stance that all of its new vehicles would be all-electric by 2035. Her comment came after a shareholder mentioned GM's news last month, as first reported by the Free Press , that GM's luxury brand Cadillac will likely not have an exclusively all-electric portfolio of vehicles by the end of the decade, which was an earlier target. Instead, it will continue to offer internal combustion engine vehicles, too. "This is great news for many motorists who are not excited by EVs," the shareholder told Barra referring to Cadillac's change. "But is this just a temporary thing or will GM continue to resist the political pressure to impose electric vehicles on the public?" Barra replied: “We have a great lineup of gas-powered, or what we call ICE vehicles, that are available right now a
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- EVGO's page on the SEC website