General Motors To Fall Short Of 2017 500K Electrified-Vehicle Milestone
General Motors announced Thursday it would fall short of its goal of having 500,000 electrified vehicles on the road by 2017.
GM said 180,834 EVs, PHEVs, two-mode hybrids, and vehicles equipped with the automaker’s eAssist hit the road in 2014, up from 153,034 in 2013 and 39,843 in 2011, The Detroit News reports. The census counts vehicles from MY 2010 forward.
Regarding the future, GM said it would fall short of its 2017 goal alongside the industry as a whole as demand for electrified vehicles haven’t kept up with the automaker’s initial forecast. The automaker pointed to lower gas prices and increased demand for trucks, crossovers and SUVs as the cause behind the lukewarm progress.
Despite this, the automaker said it would continue with its electrification program, which includes the upcoming second-gen Chevrolet Volt, Cadillac’s new CT6 PHEV variant, and the Bolt EV aimed at Tesla’s Model 3, which GM expects to sell in all 50 states for $30,000 after federal tax rebates.
In the meantime, GM believes it can best handle both low fuel prices and ever-tightening fuel economy standards by improving upon the internal combustion engine and lightweighting.
The statement follows a similar instance from U.S. Department of Energy secretary Ernest Moniz made earlier this year, who stated the U.S. wouldn’t have 1 million electric vehicles on the road by the end of 2015.
[Photo credit: Chevrolet]
Now what is that gorgeous gold's colour code? I'd like to paint something else in it...
Now what is that gorgeous gold's colour code? I'd like to paint something else in it...It's the 90s all over again: http://www.otopicture.com/wp-content/uploads/2015/04/Volvo-C70-Coupe-Exterior.jpg
Stupid goal. Lightweighting and downsizing are not compatible with adding battery weight. Plugs only make sense if you're trying to capture tax subsidies and CAFE credits. I suspect that was GM's goal. Help themselves to $2.5B in taxpayer credits.
Me thinks we need a big pick up tax. Disincentivize some of those GM buyers out of the big trucks and into those glorious environmentally friendly EV vehicles we've all worked so hard to pay for. This is the kind of thing that will make this country great once again.