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When GM chief financial officer Paul Jacobson spoke to analysts at a Barclays conference on November 30, he acknowledged the company hadn’t found the pace it had expected to meet original electric vehicle (EV) manufacturing goals. Instead of dwelling on recent performance that included “some mixed headwinds from the higher EV volume,” Jacobson expressed confidence that GM’s EVs would be profitable in 2025.
“While the ramp has been a little bit bumpy, we have worked through that,” Jacobson affirmed. “We need to focus on making sure that we get the vehicle that customers want, get it built profitably, and grow it from that foundation.”
For EVs to be profitable in 2025, Jacobson indicates that GM will spread costs over more vehicles as sales increase, will promote sales of…
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