Electric vehicles will take decades to fully replace cars run on fuel: GM CEO

General Motors CEO Mary Barra thinks the transition to EV is slower than anticipated, but will surely happen over time.Demand for electric vehicles has gone down in recent times due to the ongoing pandemic, slowing down the transition from ICE vehicles to the more eco-friendly ones.
By : Sabyasachi Dasgupta
| Updated on: 13 Jun 2020, 05:14 PM
General Motors CEO Mary Barra does not think that electric vehicles will become obvious choice for all customers any time before 2040.
General Motors CEO Mary Barra does not think that electric vehicles will become obvious choice for all customers any time before 2040.
General Motors CEO Mary Barra does not think that electric vehicles will become obvious choice for all customers any time before 2040.
General Motors CEO Mary Barra does not think that electric vehicles will become obvious choice for all customers any time before 2040.

General Motors CEO Mary Barra does not think that electric vehicles will become obvious choice for all customers any time before 2040. Her remarks come even as her company recently laid the foundation for an all-electric future with its new electric vehicle architecture and the largest collective EV charging network in the US.

In an interview recently, the GM CEO said, “We believe the transition will happen over time. It will happen in a little bit longer period, but it will happen." She also said that not every vehicle on the streets will be electric even in the next 20 years.

Her remarks come at a time when electric vehicle sales across the world has taken a hit due to the Covid-19 crisis. In the US, EV sales dropped by more than 50 per cent in April. In China, the world’s largest auto market, the demand for electric vehicles dropped by almost 60 per cent in February compared to the same month in 2019. And this slump happened despite several big carmakers, like Tesla, are now setting up plants or finding partners to launch ventures to capture the EV market in the Asian country.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price
Mg Zs Ev 2022 (HT Auto photo)
Mg Zs Ev 2022
Electric | Automatic
₹21.99 - 25.88 Lakhs**Ex-showroom price

(Also read: General Motors, Honda to jointly develop two new electric vehicles)

Bloomberg NEF predicts global EV sales to drop by 18 per cent this year at 1.7 million units. However, it also anticipates EV adoption will increase gradually in the next couple of decades. According to Bloomberg NEF, electric models will account for nearly 60 percent of all new passenger car sales by 2040, representing 31 percent of the entire car fleet. That is still way short of what General Motors CEO Mary Barra thinks.

(Also read: General Motors plans to bring out its first driverless vehicle by 2025)

Like several other major carmakers around the world, General Motors too has underscored its commitment to go all-electric in future. It has an impressive upcoming line-up of electric cars, besides the one already in the market - the Chevrolet Bolt EV. The company recently invested $2.2 billion at its Detroit-Hamtramck assembly plant, the carmaker’s first fully-dedicated electric vehicle assembly plant, to produce a variety of all-electric trucks and SUVs.

GM’s first all-electric truck will be a pickup with production scheduled to begin in late 2021. The electric Hummer SUV is also expected to be launched soon. This will be followed soon after by the Cruise Origin, a shared, electric, self-driving vehicle.

First Published Date: 13 Jun 2020, 05:14 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city