General Motors is doubling down on its electric vehicle (EV) strategy, with CEO Mary Barra hinting that cost-cutting measures extend far beyond the battery technology that has been a major focus of the industry. In a recent statement, Barra revealed that the company is exploring multiple avenues to reduce EV production costs, potentially paving the way for more affordable models. As the EV market continues to heat up, GM's efforts to slash costs could be a game-changer for the company's competitiveness in the sector. With the auto giant already investing heavily in EV development, a cost-cutting plan could help GM stay ahead of the curve and maintain its market share.
GM’s EV Cost-Cutting Plan Goes Beyond Batteries, CEO Says InsideEVs