Published: Tue, October 03, 2017
Markets | By Lucia Cruz

General Motors unveils plan to release 20 electric vehicles by 2023

General Motors unveils plan to release 20 electric vehicles by 2023

She says that GM will add two more electric vehicles to its lineup by 2019 and at least 20 more by 2023.

General Motors announced plans Monday to launch 20 all-electric cars by 2023, part of a long-term push to an "all-electric" fleet as governments globally embrace fuel efficiency. The company hints that the other 18-plus EV models will come off a revised or all-new platform derived from the Bolt, using a "structured battery pack" that can be built to two different heights, with flexibility to fit any kind of vehicle. "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".

The company's long game and commitment to zero emission vehicles includes research into battery technology along with hydrogen fuel cells.

The first 500 electric vehicles will be supplied to EESL in November and the remainder will be delivered in the second phase, it said.

"We're serious about battery electric vehicles", she said.

Major automakers besides GM are also stepping up efforts to broaden their electric offerings.

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

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Charles Freese, GM executive director of global fuel cell business, said SURUS is designed for a "wide range of applications", including freight and emergency rescue vehicles such as ambulances and military vehicles for disaster relief efforts.

China has just laid out new guidelines for alternative propulsion and is now the world's biggest market for electrified vehicles.

GM earned more than 90 percent of its $12.5 billion in pretax profits past year in North America, amid robust demand for its lineup of large sport utility vehicles and pickup trucks.

GM has set up a joint venture with Honda (NYSE: HMC) to mass-produce fuel cells at a facility in MI. It early this year launched a joint venture with Honda to begin producing fuel-cell stacks that could be used in vehicles as well as stationary power systems.

Electric vehicles are expensive.

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US rival Ford Motor Co.

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