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GM can ‘absolutely’ top Tesla in EV sales by 2025, says CEO Mary Barra

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Mary Barra, GM chair and CEO addresses investors on Oct. 6, 2021 at GM Tech Center Warren, Michigan.

General Motors Photo Credit to Steve Fecht

DETROIT – General MotorsIs it possible to catch “absolutely?” TeslaCNBC interviewed Mary Barra, Chair and CEO of the American Electric Vehicle Association (USEVA), Wednesday.

Barra indicated that there would be an infusion of new products including soon-to-be released items GMC Hummer pickup Cadillac LyriqThe company will also be able to beat Tesla with a new Chevrolet crossover. The new vehicles are part GM’s goal to make at least 30 electric cars by 2025.

Barra stated that she is very content because people are wowed when they get in these cars. “Squawk Box.”We will roll them out, and then we’ll just continue to work until we are number one in the EV market.”

Barra made the comments weeks after automaker Toyota stated that it would. be the leader in EV salesIn the U.S. however, the company has not provided a timeline.

After dominating the U.S. EV market for years, Tesla’s market share is waning.IHS Markit projects that Tesla’s market share for electric cars in the US will fall from 79% to 56% next year. IHS predicts that Tesla’s market share will continue to fall to 20% by 2025 as larger automakers like GM introduce new models.

LMC Automotive also expects General Motors will surpass Tesla in the mid-decade.

GM had previously predicted that its EV revenues would grow from $10 billion to $90 billion per year by 2030, as new models are introduced.

Tesla didn’t immediately reply to our request for comment.

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