General Motors‘ aspiration to stop selling fuel-burning cars by 2035 could put a big dent in its overall market share if it doesn’t considerably boost sales, some auto industry analysts think.
While electric cars are in vogue, and companies like Tesla command share prices that could make a legacy automaker envious, automotive insiders continue to voice concerns over how ready the world is to fully shift to electric vehicles. Firms that survey car buyers frequently say many still worry about vehicle range and charging times, for example.
GM, the largest U.S. automaker, said its plan to eliminate tailpipe emissions by 2035 is a goal and not a guarantee. Nevertheless, it is making a big push into pure electric vehicles, as more than 30 new models are expected by 2025.
GM’s plan does not include hybrids, which blend internal combustion engines with electric power, and which many see as