General Motors CEO uncovers new electric vehicle

An all-electric Chevrolet Equinox is General Motors’ most current addition to its program of electric vehicles, the organization’s CEO and director Mary Barra uncovered on “CBS Mornings” Thursday. Toward the finish of 2025, General Motors plans for 40% of its items to be electric and by 2040, the automaker said it expects to go totally carbon neutral.

“We think this vehicle is going to really change people’s minds about electric vehicles,” Barra told “CBS Mornings.”

The 2024 Chevrolet Equinox begins at around $30,000 and will go on sale in about a year, Barra said.

“When you have the vertical integration, when you have a scalable platform, it allows you to bring vehicles to market at, you know, around $30,000 that are going to be affordable and profitable,” Barra said.

The company, she said, was “a little ahead of [its] time” in regard to electric vehicles, referencing to its historic EV1 model and recent Chevrolet Volt electric vehicle. “We’ve been in the EV business for quite a while,” she said.

Also, notwithstanding the impact that record expansion has recently had, Barra says she anticipates that customers should keep purchasing General Motors products.

“We’re watching everything very carefully,” she said. “We’re still seeing strong demand because there’s pent up demand for autos right now.”

Yet, she noticed that the organization has “seen a lot of challenges” as to the inventory network, similar to a semiconductor lack and COVID-19 effects.

“It’s getting a little better, but I frankly think it’s something that’s going to last into next year and maybe a little beyond,” Barra said of the shortage.

It’s the reason the organization has started to re-appropriate unrefined substances inside the U.S. or then again with partner nations, she said.

Eventually, Barra said the organization’s all-electric responsibility is “the correct thing for the climate” and lines up with the organization’s objective of making a world with “zero accidents, zero discharges and zero blockage.”

“We want to move to the end game and have products that people can really enjoy because in the auto industry people want the segment, they have to hit certain price points,” she said. “That’s the very strategic portfolio that we’ve been developing.”