General Motors' 2025 Electric Vehicle Capacity Goal in Doubt

TapTechNews July 16th news, General Motors announced in 2021 that it will achieve a zero-emission goal by 2035, and its first milestone is to have the capacity to produce 1 million electric vehicles annually in North America by the end of 2025, but currently it seems that the company may not be able to achieve this goal.

On Monday local time, General Motors CEO Mary Barra said in an interview with CNBC that it has become uncertain whether General Motors can achieve the capacity target of 1 million pure electric vehicles in North America by the end of 2025.

The market development has slowed down, Due to the market conditions, we cannot reach the output of 1 million, but we will eventually achieve this goal, We will be customer-demand-oriented.

In the past two years, General Motors has been emphasizing that it will achieve a capacity of 1 million electric vehicles in China and North America respectively in 2025.

In fact, due to the growth of electric vehicle demand falling short of expectations, General Motors has adjusted or revoked a number of electric vehicle production and sales targets this year, and the million-unit capacity target is one of the few unadjusted indicators of the company.

A General Motors spokesperson said the company's goal is capacity, not referring to producing 1 million electric vehicles in 2025, and Barra did not specifically state in the CNBC program whether she meant output or capacity.

The spokesperson later said that General Motors will no longer repeat the 2025 electric vehicle capacity plan and emphasized that its electric vehicle plan will be flexibly adjusted according to demand. As TapTechNews knows, General Motors will release its second-quarter financial report on July 23rd, and more relevant details may be announced at that time.