President of General Motors: Profitable production of affordable electric cars in the second half of the decade at the earliest.

Mary Barra, the president of General Motors, in recent years has announced a range of new electric vehicles that would allow the company to expand its presence in the market. The reality proved the promise. GM withdraws from the production of its cheapest electric cars (Bolt/Bolt EUV) and announces through its president that profitable production of cars in the range of 30-40 thousand dollars (equivalent to PLN 125-170,000 net) will not be possible before . second half of the decade, “maybe later”.

General Motors CEO: Yes, Tesla is leading. Yes, the production of cheap cars is not counted

In an unexpected gesture of loyalty, Barra admitted that Tesla is the leader today in terms of technology, profitability and scale, but “that leadership is not permanent” (the source) He also admitted that battery costs are too high for low-cost mass-production cars that will sell for $30,000 to $40,000.

Financial expenditure related to the production of electric vehicles and internal combustion engines – the latter are profitable after all – are expected to level off in the second half of the decade, “maybe a little later.” Which shows that customers can’t expect manufacturers to make electric cars cheaper than the widely available Tesla Model 3. In other words, they have to get a job so they can afford to buy a Chevrolet Lyriq or a Hummer EV. Or to put it another way: governments must generously support the automotive industry.

General Motors still sells an electric car in the $30,000-$40,000 price range — it’s the Chevrolet Bolt, which is available for less than $28,000 after all discounts — but it has already announced the discontinuation of assembly lines. Bolt and Bolt EUV, however, will be replaced by the Chevrolet Equinox, which, according to GM’s promise, should start from … $ 30,000 (the source; see also below). The cheapest variant will be delivered from 2024.

Note from the editors of Elektrowóz: we begin to get the impression that Barra is the same as America of Tavares, who spreads the vision of progress and power, and after some time begins to circulate the alarming news that “all this” has no chance of financial support. It seems that electric cars will become cheaper when the government … stops subsidizing them. Before that, we will hear how the producers take this out of their mouths just to give us something.

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