GM Expects To Generate $50 Billion In Revenue From EVs In 2025 | Carscoops carscoops
, GM said it expects to see low- to mid-single-digit margins on EVs by mid-decade and that they will generate over $50 billion in revenue from EVs, representing a good portion of the brand’s expected $225 billion in total revenue in 2025. These figures do not take into account revised federal EV tax credits.
“We actually estimate that these tax credits are going to be worth $3,500 to $5,500 per vehicle coming from GM through 2025,” GM chief financial officer Paul Jacobson said at the carmaker’s recent Investor Day. “Together, these credits could add 5 to 7 points of margin to the EVs, which puts us in a position where the tax credits are accelerating what we were already going to do and get our vehicles to ICE-like margins by 2025.
He added that GM’s U.S. battery cell capacity should top 160 gigawatt-hours by the middle of the decade and that battery cell prices should fall from around $87 per kilowatt-hour in 2025 to less than $70 per kWh in the second half of the decade.
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