Posts Tagged ‘Mary Barra Barclays conference’

Barra Commits to 1M EVs on Global Roads by 2026

Cheaper batteries, demand from China pushing numbers.

by on Nov.15, 2017

GM CEO Mary Barra said the automaker will have 1 million EVs on roads around the world by 2026.

General Motors is following in the footsteps of former President Barak Obama by promising to build 1 million electric vehicles.

Obama’s vision wasn’t fulfilled, despite the $7,500 tax credit designed to make the cars more affordable and lure EV buyers to showrooms, but GM CEO Mary Barra told analysts at the Barclays 2017 Global Automotive Conference in New York, that GM will hit the target by 2026 on a global basis.

Subscribe Now!

Barra’s confidence stems from two things: a new family of EVs and a significant cost reduction on batteries.  (more…)