GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
expects its new electric vehicle profits to be in-line with cars and trucks with traditional engines by 2025 – years ahead of schedule and what many thought was possible. GM CEO Mary Barra on Thursday said the updated forecast factors in federal incentives under the Biden administration’s Inflation Reduction Act, which includes money back for companies that produce EVs in North America as well as for consumers and fleet customers that purchase the vehicles.
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