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March 7, 2022 By Troy Young

General Motors Might Want to Rethink Doubling Down on EVs

From “Inside EV” report: “the fourth quarter of 2021 was very challenging for General Motors, which noted 440,745 vehicle deliveries in the U.S. (down 42.9% year-over-year).

“Also, the year ended in the red, at 2,218,228 (down 12.9%). The numbers look similarly bad for the Chevrolet brand:  288,647 in Q4 (down 44.7%) and 1,437,677 in 2021 (down 17.4%). “

Our attention is focused on GM’s electric vehicle sales and, as it turns out, the fourth-quarter results are the weakest since the introduction of the Chevrolet Volt in December 2010 when the company handed over 326 (EV) cars. In Q4 2021, GM delivered the U.S. only 26 all-electric vehicles (down almost 100% year-over-year).  The number includes 25 Chevrolet Bolt EV/Bolt EUV and 1 GMC Hummer EV Pickup.”

General Motors may want to rethink the Green New Deal movement to double down on EVs.

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