🇺🇸 United States · Automotive
General Motors100IntegrityMBMary BarraCEO, 2014–, General MotorsPromisedhow many electric cars it would build400,00025 April 2023↗
🇺🇸 United States · AutomotiveGeneral Motors60IntegrityMBMary BarraCEO, 2014–, General MotorsQuietly droppedhow many electric cars it would build400,000withdrawn24 October 2023↗Big miss · −40 points
🇺🇸 United States · AutomotiveGeneral Motors60IntegrityMBMary BarraCEO, 2014–, General Motors
Did GM keep its promise to build 400,000 electric cars by mid-2024? (plain)
The new promiseGM dropped its interim EV goal as demand cooled.
Max Noble Odds: 50% chance she keeps it. They move with every call. Against the odds you win more, and lose more.
The small print, in plain words
- She promised
- 400,000 electric cars built between 2022 and mid-2024.
- She got
- The goal was dropped in October 2023.
- Why, says the company
- EV demand grew more slowly than GM expected, so it slowed down to protect profit.
- How bad
- Severe. The goal was abandoned before the deadline, with production far behind pace. Score 100 → 60.
Read the promise ↗︎GM Q1 2023 letter to shareholders (Mary Barra)Read the result ↗︎Reuters (via Malay Mail): GM withdraws 2023 guidance, drops 400,000 EV goal, 24 Oct 2023Read the result ↗︎WardsAuto: GM abandons plan to build 400,000 EVs by mid-2024