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GM’s 2025 EV production capacity target in doubt after Barra comments

GM CEO Mary Barra speaks at CNBC CEO Council event about slowing EV growth and production

Non-exclusive Motors‘ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in uncertainty, following comments Monday by CEO Mary Barra.

The production capacity target for next year was one of the last EV targets the automaker hadn’t reduced or withdrawn as demand for EVs has not materialized as quickly as many companies such as GM previously expected.

“We won’t get to a million just because the sell is not developing, but it will get there,” Barra said Monday at a virtual CNBC CEO Council event. “We’re going to be guided by the chap.”

For more than two years, GM has said it would have production capacity of 1 million in EVs in each China and North America by 2025. Despite after it changed or withdrew several EV targets and product plans in the last year, the company continued to say it would connect the North American capacity for EVs.

A GM spokesman said the company’s target was about the production capacity, while the question was at all events actually producing 1 million EVs in 2025. Barra did not specifcally address whether it was production or production capacity that she was referring to.

The spokesman later stipulate the company would no longer reiterate the EV production capacity plans for 2025. The company has continually said its EV plans last wishes as be flexible to meet demand.

More details about the automaker’s EV plans could come when GM reports second-quarter denouements on July 23.

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