GM Wants To Build 500,000 Electrified Vehicles Annually By 2017

by Derek Kreindler

Published: November 14th, 2012

gm wants to build 500 000 electrified vehicles annually by 2017

General Motors is looking to sell 500,000 vehicles with electrification technology by 2017, but the bulk of its focus will be on EVs or plug-in cars rather than conventional hybrids.

While hybrid technology is considered “important” to GM, product chief Mary Barra told Automotive News that “…we think plug-in technology will play an increasingly important role over the years to come.”

GM will hedge their bets on plug-in vehicles with their eAssist mild hybrid system. Meanwhile, the Chevrolet Spark EV and Cadillac ELR will both launch next year as part of GM’s push to meet 500,000 electrified cars annually, which will account for roughly 6 percent of the 9 million vehicles sold by GM each year.

#ChevroletMalibu #ChevroletVolt #ElectricCar #EV #GeneralMotors #GM #Hybrid #Plug-inCar

Derek Kreindler

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Roberto Esponja on Nov 15, 2012

Oh, look! It's the Cadillac Mach1! (Excuse me while I go barf)

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Zackman on Nov 15, 2012

Man, I wish I would have waited before I bought my 2012 Impala. I could have leased a Volt, now that GM offeres a very attractive lease a couple of months later...

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- 28-Cars-Later on Nov 15, 2012
  
  I wouldn't second guess myself too much if I were you. Volt might be the cool new kid on the block, but a loaded Impala isn't exactly a penalty box.
  
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- Doctor olds on Nov 15, 2012
  
  GM can offer the low lease rate because the residual value of Volt it very high. "The estimated trade-in value of a 2011 Volt, according to the NADA guide, is $29,325— or 90 percent of its post-incentive $32,780 sticker price." http://www.plugincars.com/chevrolet-volt-lease-steal-123661.html That 3.6L Impala is still a great car! And much roomier, too.
  
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- Zackman on Nov 15, 2012
  
  @doctor olds Dear Doctor Olds: Don't get me wrong, my 2012 Impala LTZ is super, but I wish the fuel economy was a bit better. I average 27 mpg overall, vs 30+ mpg with my old 2004 Impala w/3.4L. Now, having said that, I used the old car strictly for commuting, as we still owned the MX5 I used for running around town. After we sold that, the Imp was used and the mpgs did drop to 28.5-29 mpg. Still...
  
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- Rmwill on Nov 15, 2012
  
  @Dr. Playing games with residual values absent any data to support subsequent used car selling prices is the oldest toxic trick in the auto business. Games like these are a big reason for the death spiral that the D3 rode, and it seems GM has not learned from history. How can GM assume that buyers will pay premium prices in the open market for a car that few are buying without massive incentives? What is old is whats new.
  
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Kyree on Nov 15, 2012

General Motors certainly can't depend on those mild hybrids (Chevrolet Malibu Eco; Buick LaCrosse eAssist), nor the exorbitantly priced GMT900 hybrids. But I say it can be done. Whether or not there's any real point, I don't know. But I do think that Tesla's recent acclaim finally has Detroit sitting up and taking notice...

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Carlson Fan on Nov 15, 2012

Summer 2013 the Spark EV will be available in CA.

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