Posted on 01/31/2022 9:02:15 AM PST by Red Badger
We've always pushed for General Motors to succeed with EVs. In fact, if you know anything about InsideEVs' history, you know that we got our start due in part to a loyal group of Chevrolet Volt owners, and several of us still own GM EVs.
That said, GM has been talking up its massive EV future for years, though it doesn't yet have a whole lot to show. According to CEO Mary Barra, that's all about to come to an end, and rather quickly.
General Motors has big plans to invest a ton of money into the segment. Just last week, the automaker made another major announcement stating that it's committing upwards of $7 billion to ramp up electric car and battery production in Michigan. Barra shared details about the company's recent announcement on CBS Mornings, saying "We want to lead in EVs. Full stop."
Barra should absolutely be saying such things, and she should actually believe they're possible. If she's not forward-thinking and optimistic, that's a bigger problem. Barra has also said on multiple occasions that she's confident GM can top Tesla. She went so far as to say that GM will make it happen by mid-decade, so 2025. Again, we encourage Barra to remain confident and work to make it happen as quickly as possible.
Barra and GM are well aware that in order to catch and beat Tesla, the automaker needs to expand its EV efforts significantly. Moreover, it needs batteries. GM's huge investment in its Ultium platform and battery factories will be integral to its future successes. We're thrilled to learn that the automaker is finally doing precisely what it will take to become a proven leader in the segment.
If GM is able to follow through with its massive EV efforts and meet its timelines, it stands to be one of the leaders in the EV space. However, passing Tesla by 2025 is a lofty goal, especially since Tesla will continue to grow while GM takes critical steps to become more competitive.
According to Automotive News, Tesla dominated the US EV market in 2021, with 72 percent market share. The automaker sold nearly one million vehicles in 2021, and it's guiding for 50 percent growth on the year going forward. A recent article by CNBC about GM's investments reads:
"The new spending is part of a plan to increase GM's North American production capacity to build 1 million electric vehicles by 2025. GM has projected it will sell more than 1 million EVs globally by mid-decade and overtake Tesla as the top US-based seller of electric vehicles during that time frame."
If Tesla sold nearly 1 million vehicles in 2021, and has plans to up that by some 50 percent for 2022, GM's plans for 1 million in 2025 won't likely be enough to overtake Tesla. Tesla's 2021 production came from just two factories. The brand is now producing EVs at a huge factory in Texas, and its other new factory near Berlin is set to open soon.
Even if we don't consider 50 percent growth every year between now and 2025, or really any projected growth whatsoever, GM's 1 million EVs in 2025 will essentially be on par with Tesla's current situation. Are Barra and GM sandbagging here? Do they expect Tesla's sales to plummet by mid-decade? Perhaps we are missing something. Let us know your thoughts on this topic in the comment section below.
VIDEO AT LINK.....................
| Model | Cab | Facility |
|---|---|---|
| Colorado | Extended | Wentzville, Missouri, U.S. |
| Colorado | Crew | Wentzville, Missouri, U.S. |
| Silverado 1500 | Double | Fort Wayne, Indiana, U.S. |
| Silverado 1500 | Crew | Fort Wayne, Indiana, U.S. |
| Silverado 1500 | Regular | Silao, Mexico |
| Silverado 1500 | Crew | Silao, Mexico |
| Silverado HD | Regular | Flint, Michigan, U.S. |
| Silverado HD | Double | Flint, Michigan, U.S. |
| Silverado HD | Crew | Flint, Michigan, U.S. |
| Silverado MD | Regular | Springfield, Ohio, U.S. |
| Silverado MD | Crew | Springfield, Ohio, U.S. (Navistar) |
I think the most fitting name is DOLT.
Ford has Mustang and Trucks.
Chevy has Corvette and Trucks.
Dodge has Hellcat and Trucks.
Good luck with Detroit branching out.
They are in serious trouble....again.
Tesla quality control ain’t the best out there. But GM QC has a long way to go before they can even come close.
9-volts.
Are GM and Tesla also investing in electric power stations? Just a little fly in the ointment. Energy, it comes from unicorns.
A disaster waiting to break. And the dead broke taxpayer will be stuck with the monumental tab.
I dont like either.
One company builds fleets of terrible vehicles. And they are only getting worse.
The other builds slightly better, but you cant have your regular mechanic do anything with them and the company takes months to get even the smallest repairs done and your vehicle has to be sent in.
Mine was built in Indiana...
She’s an ego mad narcissistic whack job. Just what I want...an electric Corvette.
If I do, and that's an IF, I'll upgrade my home solar system. Currently it produces half of the power I consume in my all-electric house and will pay for itself in about 10 years (including the interest I'm paying on the HELOC I took out on it). With the upgrade I'm thinking it'll produce 90% of the power I consume even with the EV added.
If I get an EV that gets 1.8 miles per kWh (Ford claims 2 miles per kWh for the F150L, but I'll assume my real world results are 90% of the brochure claims much like a gas car's real mpg aren't the advertised mpg). And I get a 1.9% interest rate on the car, and keep driving about 200 miles per week. And if both the cost for gasoline and the cost of electricity rise at a 3% inflation rate, it'll pay for itself in the 11th year.
Good investment? Not compared to growth investments like I do in my retirement accounts to build wealth. But it's a nice hedge against inflation (since I'm near retirement part of my portfolio is in safe funds, I see this solar/EV investment like that). Considering how much the Dims are making energy costs skyrocket and are promising even more, I'm doing this to protect my nest egg from runaway Dim inflation promises.
At least they have one!.............
Yeah...that’s uh, kinda gay to use an older term...
AHA! Someone else remembers DEC Rainbow computers with their proprietary versions of standard software!
Imagine standardized battery packs that can be quickly swapped out at service stations.
Solar panels and wind turbines. Sheesh......😂
From what I have read Toyota is going to be the leader in EV’s. They are coming out with more new EV innovations than Tesla and China combined.
“With the upgrade I’m thinking it’ll produce 90% of the power I consume even with the EV added.”
What kind of battery set-up are you looking at in order to use the solar power generated during daylight to charge your EV truck at night? (I am not up on the latest home solar tech so sorry if the question does not make sense.)
GM is an analog for the US. GM was once dominating and innovative. GM was attentive to the customer and was a real benefit to the public.
Now GM is clueless, they make crap, and they don’t care if you like it.
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