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General Motors Company (GM) Plans Over 20 Electric Vehicles By 2023

03 October, 2017, 07:21 | Author: Paula Vaughn
  • Krales  The Verge

But this week may top it, thanks to one single, massive announcement: General Motors is dumping gasoline in favor of an electric future.

GM global product chief Mark Reuss (left), Michigan Lt. Gov. Brian Calley, and Honda's North America chief Toshiaki Mikoshiba are shown here with a prototype of the small fuel-cell stack developed jointly by the two automakers at a press event in January. Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs.

And it promised an increase in the number of electric fast-charging stations in the USA, which now total 1,100 from companies and governments, taking a shot at electric competitor Tesla Inc.by saying the system would not be "walled off" from electric vehicles made by other manufacturers.

The plan revealed today calls for General Motors to launch at least 20 all-electric vehicles by 2023. It also sells two plug-in hybrid-electric vehicles in the Chevy Bolt and Cadillac CT6 Plug In, which provide 53 miles (85 km) and 31 miles (50 km) of range, respectively, before relying on an internal-combustion engine for the remainder of travel.

"GM is focused on a zero-outflow future", said the organization's propelled innovation representative, Kevin Kelly. The will be the first of at least 20 all-electric vehicles that GM is aiming to launch by 2023.

"General Motors will move humanity forward in the future with all-electric propulsion", Reuss said, the outlet reported. But GM is in a much different category, a 10-million-car-per-year behemoth with a century-long legacy of making gasoline-fueled cars.

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The BEV and fuel cell announcement is a clear shot at electric vehicle upstart Tesla, which posted a net loss of almost $675 million past year, and has yet to earn an annual net profit.

The company said it's learned a lot from the Chevrolet Bolt, GM's first all-electric vehicle. "We said the Bolt EV would be a stage for electric vehicles going ahead". The 109-year-old company made the announcement in Detroit. SURUS is created to serve as the underpinnings for delivery vehicles, trucks or even applications like an ambulance.

GM said that a combination of battery electric and hydrogen would be required to get to a zero-emissions future. GM and Ford are now minting profits in the USA with fuel-thirsty pickup trucks and sport-utility vehicles that consumers find enticing amid low gasoline prices.

That fuel cell reference pertains to GM's new Silent Utility Rover Universal Superstructure (SURUS) platform - a fuel cell electric heavy duty truck with four wheel steering.

GM has set up a joint venture with Honda (NYSE: HMC) to mass-produce fuel cells at a facility in MI.

GM collaborated with Korean battery maker LG Chem to build the Bolt battery system. The Motley Fool has no position in any of the stocks mentioned.

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