Oct 7, 2021 - Energy & Environment
Electric takeaways from General Motors' new business plan
- Ben Geman, author of Axios Generate

Photo: Mario Tama/Getty Images
General Motors is offering detailed revenue goals for its electric vehicle business and new info about plans for new models.
Driving the news: Here are the juicy bits of their investor presentation and announcements Wednesday.
- GM's gunning for "leadership in EV market share" — a shot across Tesla's bow — with a broad portfolio of high-volume EVs.
- These include a $30,000 Chevrolet crossover SUV, and an electric Chevrolet Silverado pickup, Buick crossovers and Cadillac EVs.
- Overall, as part of wider plans to double revenues over the next decade, GM sees $90 billion in revenues from EVs in 2030.
- And that doesn't even include the $10 billion they project from its new BrightDrop line of electric delivery vehicles.
The intrigue: Beyond vehicles, GM announced a collaboration with GE to boost supplies of rare earth materials used in EVs and renewable power.
GM also said it's increasing its investment in charging infrastructure to about $750 million through 2025.
The bottom line: GM's betting big on the transition to cars and trucks with a plug, even as it also sees a long-term future for gas-powered models.