General Motors, once known for big, gas-guzzling trucks, will show its commitment to electric vehicles over the next few years.
In recent months, GM has plotted a road map that begins its transformation into a profitable EV maker. The company has teased plans for 12 EVs across its four U.S. brands and shared details on some of the vehicles coming to market soon, including the Cadillac Lyriq, the GMC Hummer pickup and SUV and a crossover version of the Chevrolet Bolt. The reveals are just the "tip of the spear," GM CEO Mary Barra said in March.
Still, internal-combustion engines won't disappear anytime soon, and GM's EV dreams won't become a reality overnight, said Stephanie Brinley, an IHS Markit analyst. GM is "straddling some demand for EVs, but there is still demand for ICE vehicles that hasn't slowed down," she said.