9 articles | last updated: Jun 11 21:39:15
General Motors adjusts its electric vehicle production forecast to 200,000-250,000 units for 2024, citing slower-than-expected market growth.
- GM's revised target is down from an initial range of 200,000-300,000 units.
- The company aims to achieve variable profit at the lower production range by Q4 2024.
- Incentives and rebates up to $7,500 are being offered to boost EV sales.
- New models like the Chevrolet Equinox EV are central to GM's strategy.
- Despite challenges, GM reported strong EV sales in May 2024.
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- General Motors Automotive manufacturer
- Electric vehicle Automotive class
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