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GM Speeds Up Electric Vehicle Race With New Battery Tech

BusinessGM Speeds Up Electric Vehicle Race With New Battery Tech

Key Takeaways:

  • General Motors (GM) has 12 EVs on the road, surpassing Ford.
  • New battery tech is key to making electric cars affordable.
  • GM’s goal is price parity between gas and electric vehicles.
  • Kurt Kelty, GM’s new battery chief, brings Tesla experience.

General Motors (GM) is making big strides in the electric vehicle (EV) race. While the company faced some early challenges with its Ultium platform, it has overcome them and now has 12 EVs on the road. That’s nine more than Ford, its rival, which once led the EV pack.

EV Progress At GM

GM’s Ultium platform is a big part of its EV success. Ultium is a cutting-edge battery and electric vehicle platform that powers GM’s electric cars. The company has worked hard to fix early issues and is now ahead of Ford, which had a strong start in EVs.

The Role Of Batteries

Batteries are the heart of electric cars. GM knows this and is investing heavily in new battery tech. Kurt Kelty, GM’s new head of batteries, recently shared his thoughts on the importance of better batteries.

Kelty, who worked at Tesla for over a decade, said, “New tech is the way to get to mass adoption of EVs.” He believes the key to making electric cars mainstream is making them as affordable as gas-powered cars—without relying on tax credits.

What Is Price Parity?

Price parity means gas and electric cars cost the same. Right now, electric cars are often more expensive. GM wants to change that with better battery tech.

Kelty explained, “There needs to be price parity between gasoline and electric. Without the tax credit.” This means GM is focused on cutting costs while improving performance.

How GM Is Leading

GM’s 12 EVs on the road show the company is serious about electric cars. These include models like the Chevrolet Bolt, GMC Hummer EV, and Cadillac Lyriq. More models are coming soon, thanks to the Ultium platform.

The Ultium platform is flexible. It can be used for different types of cars, from small SUVs to heavy trucks. This flexibility helps GM make EVs faster and cheaper.

The Future Of EVs

GM isn’t just stopping at 12 EVs. The company has big plans to expand its EV lineup. With Ultium and new battery tech, GM is on track to become a major player in the EV market.

Kelty’s experience at Tesla is a big plus. He knows what it takes to make EVs work. His leadership could help GM achieve its goals faster.

What It Means For You

If you’re thinking of buying an EV, GM’s progress is good news. Better batteries mean EVs could soon cost the same as gas cars. More choices and lower prices make EVs more accessible to everyone.

The Road Ahead

GM has overcome early hurdles and is now leading the EV race. With 12 EVs on the road and more on the way, the company is showing it’s serious about electric cars.

As battery tech improves, GM is one step closer to its goal of making EVs affordable for everyone. With leaders like Kurt Kelty at the helm, the future of electric cars looks bright.

In short, GM is moving fast to dominate the EV market. With new batteries and a strong lineup, the company is proving it’s ready to take on the competition.

Sources:

  • General Motors provided information about its EV progress and battery tech during a visit to its battery lab.

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