GM to Produce 400,000 EVs by 2024, Which EV Will Be the Most Popular?
General Motors claims that it will produce 400,000 electric vehicles by 2024. CEO Mary Barra intends to make the American automaker a force to be reckoned with in the EV space. Thus far, Ford Motor Company is producing the most impactful EV nameplates of all American automakers. Will GM meet its goal? Which new GM electric vehicle will be the best-selling model?
Chevrolet is leading the charge for GM EVs
General Motors owns Chevrolet, Buick, GMC, and Cadillac, so producing 400,000 EVs across its portfolio of brands by 2024 is feasible. Chevrolet has made the most headway in the electric vehicle space thus far with models like the Chevy Bolt. The Bolt had a rocky last few years due to a complete recall after battery fire issues, but Chevy has replaced the electric hatchback’s battery.
Chevrolet also introduced a new subcompact electric SUV, the Chevy Bolt EUV. The Bolt EUV is incredibly affordable, starting at $27,200. It gets 247 miles of driving range, which is great for such an inexpensive electric vehicle. The American automaker also plans on rolling out the Chevy Blazer EV in the summer of 2023 and the Chevy Silverado EV in the fall of 2023. The brand plans on releasing a Chevrolet Equinox EV in the fall of 2023 as well. That’s five Chevrolet electric vehicle nameplates before 2024.
Cadillac and GMC are getting in on the action
Chevrolet isn’t the only General Motors brand that is getting in on the new EV nameplate action. The 2023 Cadillac LYRIQ is expected to arrive in spring 2023. It’s a midsize luxury SUV that’s both comfortable and futuristic. The GMC Hummer EV pickup truck will arrive in 2023 followed by an SUV version in 2024.
GMC has breathed new life into the famed nameplate by giving the humongous vehicle an electric powertrain system. The Hummer EV is a performance electric vehicle. Car and Driver claims that the final trim can make up to 1000 horsepower. GMC also has a Denali EV pickup truck in the works for spring 2024. Production of the 2024 GMC Denali EV is estimated to start in 2023.
So, there will be at least eight new electric vehicle nameplates in production across General Motors’ portfolio of brands before 2024. GM should be able to reach its goal of producing 400,000 EVs as long as the American automaker can avoid production issues.
Which GM electric vehicle will be the most popular?
The 2024 Chevy Equinox has the potential to be the most popular electric GM nameplate as a compact SUV. The Bolt EUV and Bolt could also be very popular based on their prices and respective vehicle segments.
Chevrolet is leading the charge for General Motors electric vehicles. CEO Mary Barra hopes the Chevy Silverado EV will compete with the popular F-150 Lightning. GM may be a little late to the game, but the next few years could be a turning point in the history of American electric vehicle production.