GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule

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GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
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General Motors expects its new electric vehicles to be in-line with traditional cars and trucks with internal combustion engines by mid-decade.

"We are on track to hitting those goals," Jacobson told investors Thursday. "We are fully committed to those 2030 goals .. Make no mistake, we intend to lead the industry in this EV transition."

GM on Thursday singled out BrightDrop, which will launch full production of electric delivery vans next year. The automaker said the business is on track toin 2023. The company expects to be capable of producing 50,000 vans annually by 2025.

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