Chevrolet has just announced that by 2025, all of its models will be partially or electric. The company has made an aggressive timetable for itself. It even plans to stop production on some gas engine cars as early as next year. This sounds great, and it is good news for the environment, but what does it mean for the consumer? We hope this article will answer your questions and give you an insight into what the move to electric from Chevy means for consumers.
Without going into details, GM says that it will have a fully electric vehicle in each of its core product lines by the end of this decade. Chevrolet is not the only carmaker that plans to be all-electric. But it is the leader and has been for some time.
It's also important to remember that GM gets a lot of assistance from government subsidies and tax breaks. Its stated goal is not just to be all-electric but also to "provide zero-emissions mobility," which means it must sell one electric car per customer every year. This is no small task. It would take more than 90 million cars sold to achieve a 100 percent electrified fleet. In addition, GM states that by 2025 it will provide "zero-emissions mobility for at least 80 percent of its global sales."
The company says that by 2025, it will be producing an all-electric car called the Bolt. It is a compact car that seats four and has a range of about 200 miles. It will use a battery pack made by LG Chem, a South Korean manufacturer of battery cells. The car will be produced at the plant in Orion Township, Michigan.
Chevrolet did not say what the price would be, but one can guess: probably at least $40,000. A 200-mile range comes to about $10 per mile, assuming this is before any federal tax credit is applied. So it will probably cost around $30,000 after that. That's fine if you are rich enough to buy one and don't care if it is electric or not.
That leaves the question of who buys these cars. They are too expensive for most people, which is why General Motors has been in trouble with its stockholders for years. We knew that GM's sales had been falling; now we see what their problem was: they were selling too many cars for too little money to ordinary people who want cars but not Teslas or Bentleys or Ferraris or BMWs or Porsches or anything else unusual and expensive.
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Electric cars are not just a trend anymore. They've become a part of our daily lives. While there is nothing wrong with using a traditional gasoline engine vehicle, the benefits of electric vehicles make better sense for many people. If you plan to purchase one soon, we hope you'll consider a Chevrolet from our dealership. We're confident that you will not regret it.
