“Barra said that while EV growth has slowed, demand is still heading in the right direction, noting that US car buyers were on track to purchase 1 million EVs this year for the first time.
“There’s really no reason that EV demand won’t be higher in the years ahead,” she said. “Consideration is rising, the policy environment is favorable. The public charging infrastructure is growing and customer choice is expanding.”
The more important takeaway for GM: “ Costs will be reined in, factories will be delayed, and stock buybacks will recirculate cash to shareholders”
In other words, in the face of a struggling EV business, instead of increasing investment to actually get it moving, they are cutting investment and focussing on paying off shareholders instead of actually fixing what’s wrong
The important takeaway:
“Barra said that while EV growth has slowed, demand is still heading in the right direction, noting that US car buyers were on track to purchase 1 million EVs this year for the first time.
“There’s really no reason that EV demand won’t be higher in the years ahead,” she said. “Consideration is rising, the policy environment is favorable. The public charging infrastructure is growing and customer choice is expanding.”
The more important takeaway for GM: “ Costs will be reined in, factories will be delayed, and stock buybacks will recirculate cash to shareholders”
In other words, in the face of a struggling EV business, instead of increasing investment to actually get it moving, they are cutting investment and focussing on paying off shareholders instead of actually fixing what’s wrong