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GM will start making money on EVs this year, says CEO
But will EVs get cheaper?
GM is about to start making money on its electric vehicles by the end of this year, right on schedule, CEO Mary Barra told The New York Times. Barra also told the publication that GM will still phase out the sales of internal combustion engine vehicles by 2035, a goal it set in 2021 alongside a promise to be carbon neutral by 2040. GM faced manufacturing and supply chain issues affecting its battery production in late 2023 that delayed the launch of a bunch of its EV models, but Barra says they are fixed.
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