GM to release plug-in hybrid vehicles, backtracking on product plans
Publishing timestamp: 2024-01-30 12:28:46
Summary
General Motors CEO Mary Barra announced that the company will be including plug-in hybrid electric vehicles (PHEVs) in its product lineup strategy. Barra did not provide specific details but mentioned that PHEVs will be rolled out on select vehicles in North America to meet stricter fuel economy regulations. This move comes as more companies reconsider the viability of hybrid vehicles to meet consumer demand and avoid penalties related to fuel economy and emissions standards. Barra emphasized GM's commitment to eliminating tailpipe emissions by 2035 but stated that deploying plug-in technology in strategic segments will provide environmental benefits while the nation builds charging infrastructure. GM had previously led the way in plug-in electric vehicles with the Chevrolet Volt but discontinued the vehicle in 2019. This shift in strategy contrasts with the industry's recent focus on all-electric vehicles.
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