Tuesday, 17 October, 2017

GM to Launch Over 20 Electric Vehicles by 2023

GM Is Going All Electric Will Ditch Gas and Diesel Powered Cars General Motors via AP
Christy Curtis | 04 October, 2017, 01:46

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the USA print edition of The Wall Street Journal (October 3, 2017).

Also Monday, Ford announced plans to create a group known as "Team Edison" that'll concentrate on developing fully electric cars, Automative News reported.

With GM stating that they want to manufacturer vehicles to cater to its vast customer base we could finally see some high-miler electric vehicles enter production over the next few years.

Apart from eco-friendly motives, changing emission norms across the world and electric vehicles being favoured by customers all-round have spurred companies to join the electric bandwagon.

Beyond consumer vehicles, GM also introduced the Silent Utility Rover Universal Superstructure, or SURUS.

GM funds its forays into new technology using cash generated by old-technology vehicles popular with its core customer base in the US heartland. Infrastructure challenges remain, with additional charging stations needed to keep vehicles powered and avoid stranded motorists.

GM already sells several electric cars, including the plug-in hybrid Volt and all-electric Bolt.

There have been a lot of new pushes to take the electric cars to the next level.

"General Motors believes the future is electric", launched Mark Reuss, executive vice-president at GM. Nonetheless, the leading global automaker's enhanced commitment to vehicle electrification is significant, given GM's size and reach.

GM hasn't announced what the two new electric cars will be, but it's expected that one of them will be a Bolt-based Buick electric vehicle.

Electrification is becoming a huge topic for automakers in 2017.

General Motors is making a serious play for the future of electric cars. He did not elaborate on a time frame for that profitability or when the auto maker could exclusively offer zero emissions vehicles. Compare that to small and mid-size gas vehicles that can travel upwards of 400 miles on a single tank of gas. The company announced plans for 20 new all-electric models by 2023, including two within the next 18 months. With two bustling auto markets in the world planning to go electric, vehicle makers are bound to expand their low-emission portfolio.

GM declines to comment on which brands will receive the technology or where the cars will be built, but a forecast from WardsAuto and its partner AutoForecastSolutions expects the first EV will be an autonomous Bolt for the automaker's partnership with the ride-hailing service Lyft in early 2018.

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