Quote:
Originally Posted by Isaac Zachary
Will they be able to make money on the Equinox EV?
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Mary Barra (GM CEO) says no - but they will lose less money than on the Bolt because the Equinox battery costs 40% less than the Bolt battery.
She also said that GM doesn't expect to make money on their EV program as a whole until 2025 and even then they will lose money on EVs prices less than $40,000. GM expects EVs priced in the $30 - $40,000 range to become profitable towards the end of the decade as battery prices fall.
She didn't say if ZEV credits are included in that calculation. All automakers face a $5,000 fine per vehicle the fall short of meeting CARBs ZEV sales percentage. The ZEV ramp up is shown below
