© 2024 WNMU-FM
Upper Great Lakes News, Music, and Arts & Culture
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

GM CEO Barra says electric vehicles to be profitable by 2025

NEW YORK, NY— General Motors expects its portfolio of electric vehicles to turn a profit in North America by 2025.

That will come as it boosts battery and assembly plant capacity to build over 1 million EVs per year.

CEO Mary Barra used the pledge to kick off the company’s investor day event Thursday in New York. She says the profit figure includes vehicle sales revenue, benefits from emissions tax credits, and revenue from software and parts sales.

Barra says the company’s EV portfolio appeals to a broader range of customers than the competition.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.