GM to offer 2 new electric vehicles within 18 months, 20 by 2023
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Even though gasoline-powered SUVs are what people are buying now, General Motors is betting that electric vehicles will be all the rage in the not-to-distant future.
The Detroit automaker is promising two new EVs on Chevrolet Bolt underpinnings in the next 1 ½ years and more than 20 electric or hydrogen fuel cell vehicles by 2023. The company sees its entire model lineup running on electricity in the future, whether the source is a big battery or a tank full of hydrogen.
"We are far along in our plan to lead the way into that future world," product development chief Mark Reuss said Monday at a news conference at the GM technical center north of Detroit.
The event was billed as a "sneak peak" into GM's electric future. The company also pledged to start producing hydrogen fuel cell vehicles for commercial or military use in 2020.
The hastily called event was short on specifics, and it came just a day before the CEO of Ford, GM's prime competitor, was to announce its business plan that likely will include electric and autonomous vehicles as priorities.
The two new GM electrics in the immediate future likely will be SUVs or a sportier car designed to compete with Tesla's upcoming Model 3 sedan, Reuss said. The Model 3, which is now in the early stages of production, will go hood-to-hood with the Bolt, starting around US$35,000 (NZ$52,100) with a range of over 320km.
Chevrolet Bolt, surrounded by nine electric and fuel cell vehicles covered by tarps. Photo / AP
Behind Reuss and other executives were nine vehicles covered with tarps that the company said were among the 20 to be unveiled by 2023. GM pulled away the tarps on three of them, clay models of low-slung Buick and Cadillac SUVs and a futuristic version of the Bolt that looked like half of an airport control tower glued to the top of a car body. The rest remained covered.
The company wouldn't allow photographs of the vehicles, and it wouldn't say if any of the vehicles it showed were the ones coming in the next 18 months.
Reuss said the new vehicles that aren't built on the Bolt platform will have GM's next-generation electric architecture, which he said will be more efficient with longer range than the Bolt's 383km. Through August, GM has sold 11,670 Bolts, which is less than 1 per cent of GM's total U.S. sales so far this year.
Reuss promised that the new vehicles will be profitable as people become more accustomed to the advancing technology. "We can't just flip a switch and make the world go all-electric," he said.