GM confirms hybrid lineup as EV demand cools

CNBC · 2 days ago
GM confirms hybrid lineup as EV demand cools
  • GM plans to add hybrid models to its US lineup, with VP of propulsion engineering Mike Anderson saying hybrids are part of the plan and declining to give timing.
  • GM has been largely absent from the hybrid market this decade, directing resources to an all-electric lineup; CEO Mary Barra said in January the automaker was still studying plug-in hybrids.
  • US hybrid sales rose 23% year over year in Q2 to a record 16.3% of sales, versus 5.8% for EVs, according to Cox Automotive.
  • AutoForecast Solutions expects GM to offer plug-in hybrids in late 2027 to early 2028 with a 70-mile EV range across its portfolio.

Quotes

“We're not tone deaf to our customers. We know what they want and we want to give that to them as quickly as we can.”— Mike Anderson
“Our long-term vision is an all-electric future. That's our goal”— Mike Anderson
“GM has several PHEVs planned throughout the portfolio from the Equinox to the Silverado but has been very cautious in rolling them out due to fears of customer technology preference changes that have burned them in the past”— Casey Selecman

Sources