General Motors was one of the first automakers to head for electrification, but unlike many competitors, it is not going to completely abandon internal combustion engines. Yes, GM wants to overtake Tesla in sales of electric cars, but this does not mean that the American auto giant will stop producing cars with internal combustion engines, as GM President Mark Royce confirmed.
In an interview with reporters, the head of GM said that his company is not ready to leave the “traditional mass segments” of the car market, where ICE models still dominate by a wide margin.
“The age of the internal combustion engine is not over yet. We are not going to abandon our internal combustion engines. We continue to lead the SUV and pickup segment with GMC and Chevrolet. This applies to both full-size and mid-size versions and other models,” said the president of General Motors.
At the same time, General Motors will continue to invest in the development of electric vehicles and the development of autonomous control systems. By the middle of the current decade, the American company plans to invest about $35 billion in these two areas. As Mark Royce noted in a new interview, by 2025, investments in the electric vehicle sector will begin to bear fruit.
“Then we will start making money on electric vehicles and the marginality will be very good,” summed up Royce.
Source: Trash Box
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