GM plans 30 new EV models globally for the next 5 years

19 November 2020, 16:21:02

General Motors has announced an ambitious plan for its development as an EV manufacturer for the next decade.

For starters, GM plans on launching 30 new electric vehicles around the globe by 2025. More than 20 of those will be available in North America. Cadillac, GMC, Chevrolet, and Buick will all be represented, with EVs at all price points for work, adventure, performance, and family use. At the end of the mid-decade, 40% of the company's US entries are expected to be battery electric vehicles.

Secondly, GM announced that its engineering advances in its Ultium technology enable a higher than previously estimated range - from 400 to 450 miles. Moreover, the second-generation Ultium chemistry will deliver twice the energy density at less than half the cost of today’s chemistry. GM is already prototype testing this next-generation technology, which is expected to be available around 2025.

In order to fulfill its ambitious plans, GM will increase its investment in EVs and AVs from USD 20 billion to USD 27 billion through 2025. More than half of GM's capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs.

In more specific terms, GM has accelerated the development of a number of vehicles. The 2022 GMC HUMMER EV's development time of 26 months - down from about 50 months - is now the benchmark. Others include three other GMC Ultium variants, including an EV pickup, four Chevrolet EVs, including a pickup and a compact crossover, four Cadillacs. After the GMC HUMMER EV, the next EV to launch will be the LYRIQ, Cadillac's first all-electric vehicle, which will arrive in the first quarter of 2022, nine months ahead of schedule.

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