GM will introduce 20 new all-electric vehicles by 2023
According to the company, its September domestic passenger and commercial vehicle sales rose by 25 per cent to 53,965 units.
In addition to the 10,000 electric cars, it will also roll out almost 100,000 electric auto rickshaws and buses in the next few weeks.
While those products are expected to use batteries to provide power, GM is also development SURUS, short for Silent Utility Rover Universal Superstructure, which it calls a "fuel-cell-powered, four-wheel steer concept vehicle on a heavy-duty truck frame that's driven by two electric motors". "Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs".
GM joins a growing list of manufacturers who have, in recent months, announced plans to greatly expand their range of battery and fuel-cell vehicles. "Because General Motors believes the future is all electric, these aren't just words in a war of press releases". Nissan recently announced a redesigned version of that vehicle, with longer range and a price that remains lower than even Tesla'snew, more accessible, Model 3. But it also said that "getting to a zero emissions future will require more than just battery-electric technology". Last year, GM and Honda announced plans to cooperate on fuel cell development, with plans for a joint venture dedicated fuel cell factory by 2025.
At least the first two new vehicles will be based off the current Chevrolet Bolt EV architecture, while future ones will feature an "all-new battery system" and architecture that GM briefly previewed Monday at its Technical Center in Warren, Mich., near Detroit. The first two of the series will rollout in the next 18 months. GM envisions SURUS as a delivery vehicle, truck or ambulance.
After almost a century of building vehicles powered by fossil fuels, General Motors - one of the world's largest automakers - announced Monday that the end of GM producing internal combustion engines is fast approaching. And he said GM did not expect to be hurt financially by a move toward electric models, which can carry higher price tags than comparably sized gasoline-powered vehicles. Reuss said that the next version is going to be better than the one GM has on the road today.
John Rosevear owns shares of Ford and General Motors. The Motley Fool has no position in any of the stocks mentioned.
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