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What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

GM Stock Chart: Yahoo Finance. In GM teaser videos we saw hints of future electric GMC and Chevrolet pickups and what clearly looks like a Camaro. 4, Hyundai IONIQ 5, Audi Q4 e-tron, Toyota RAV4 Prime PHEV, Ford Escape PHEV, and Lincoln Corsair PHEV have either become available or likely will be in 2021.

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Price Parity is Not the Key to EV Adoption in the US

EV Adoption

Source: Bloomberg New Energy Finance. BMW, Mercedes, and Volkswagen have all not shipped certain electric models to the US and Toyota is shipping the majority of their RAV4 Prime PHEVs to Europe and Asia. The base version of the Kia Niro, for example, is a hybrid but it also comes in PHEV and BEV version.

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