GM Goes Back to the Future With Plans for Plug-In Hybrids (1)

Jan. 30, 2024, 4:07 PM UTC

General Motors Co. is bringing back hybrid vehicles in North America.

The automaker plans to reintroduce gas-electric hybrid models, which the company sells in other markets currently, while staying committed to ramping up production of battery-only vehicles, Chief Executive Officer Mary Barra said Tuesday on a conference call with analysts.

The about-face comes as GM faces slowing growth for fully electric vehicles and a troubled production ramp for them. But Barra said GM remains committed to an all-electric vehicle lineup by 2035.

“We thought we’d be farther along” in the transition to EVs, Barra said in a Bloomberg Television interview, ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.