GM not reiterating 2025 1 million EV production capacity forecast

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GM not reiterating 2025 1 million EV production capacity forecast

By David Shepardson

(Reuters) – General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.

A GM spokesperson said the automaker would meet EV demand but did not repeat the prior production target. “We’re being flexible. We haven’t announced a new capacity target and we will build to demand.”

GM CEO Mary Barra said earlier at an event on Monday that GM would not build 1 million EVs next year “just because the market’s not developing, but it will get there. And so we’re going to be guided by the customer.”

GM not reiterating 2025 1 million EV production capacity forecast — FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo

Tags: EV, forecast, GM

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