Affordable cars are here to stay: GM invests in the development of gasoline models
GM is determined to invest in the development of new gasoline models. Traditionally, gasoline (and ICE cars in general) are much more affordable than electric cars, which have not been able to defend their right to market dominance.
Demand for electric cars has slowed. The industry reacted quickly to this. Many have admitted that they were too hopeful about the commercial success of EVs. According to Carscoops, the American concern General Motors went even further.
Against the backdrop of a slowdown in the development of electric cars and a decrease in investment in this sector, not all manufacturers have yet announced a steady return to the development of models with internal combustion engines. GM has announced that it will actively invest in the development of internal combustion engines.
The development of ICE cars will continue.
Source: Buick
At the same time, the company notes that this is necessary even with the transition to electric vehicles. The concern calls its flexibility a strong quality.
Due to a slowdown in demand for electric vehicles, General Motors has postponed the market launch of several models, including the Chevrolet Silverado EV and GMC Sierra EV. Now it has become known that attention will be focused on cars with internal combustion engines.
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