GM’s EV development strategy is losing consumer confidence
As one of the world’s leading automakers, General Motors (GM) has a history of developing innovative cars, including electric vehicles (EVs) since its founding in 1908. However, the company’s approach to EVs has been inconsistent. The company has repeatedly developed and abandoned EVs, switched to electric trucks, and invested in lithium mines. These actions suggest a lack of clear and consistent commitment to EV development. GM’s approach to EVs has continued to be characterized by short-term tactics rather than a clear long-term strategy.