General Motors to Launch 20 New Electric Vehicle Models Globally by 2027

The biggest automotive company in the world of automobiles, General Motors (GM) has declared its multinational intent to launch 20 new models of electric cars by 2027. This includes sedans, SUVs and electric trucks aimed at the individual the commercial customer.

Electric Vehicle Charging Station Market Size

According to Precedence Research’s report on the electric vehicle charging station market size was valued at USD 44.52 billion in 2024 and is expected to achieve around USD 344.61 billion by 2032, registering a healthy CAGR of 29.1% from 2024 to 2032. 

Key Highlights of GM’s EV Strategy

• Investment in EV Production: GM is investing $35 billion in electric and autonomous vehicle development between 2020 and 2027, focusing on enhancing its manufacturing capabilities and battery technology.
• Ultium Battery Platform: The company’s new models will be powered by the Ultium battery platform, which offers flexible battery configurations and a range of up to 450 miles on a single charge.
• Global Reach: GM’s new EV models will be launched in key markets including North America, Europe, and China. GM plans to strengthen its presence in these regions, with a focus on expanding its Chevrolet, Cadillac, GMC, and Buick EV lineups.

 Global EV Adoption and GM’s Role

The IEA found that electric car sales quadrupled in 2023 worldwide, exceeding 14 million and 18% of total new car sales. GM sticks a beak into aggressive expansion to electric vehicles market share, as the market share is assumed to be worth a great deal going forward.

Global Electric Vehicle Sales (2021–2023)

Year	EV Sales (Million Units)	EV Share of Total Car Sales (%)
2021	6.6	9.5
2022	10.2	14.4
2023	14.0	18.0

GM’s Long-Term Goals

GM has committed to selling only zero-emission vehicles by 2035, aligning with its vision to reduce its carbon footprint and contribute to a cleaner environment. The company expects 50% of its global sales to come from electric vehicles by 2030.

GM has aimed at only producing electric cars and has even put a timeline of this goal to 2035, thus signaling its goodwill towards reducing the company’s carbon imprint. Furthermore, the half of the firm’s global revenues are generated from electric cars, a proportion that the firm believes rise to 50% by 2030.

• Sustainability: GM has outlined plans to become carbon neutral by 2040, focusing on renewable energy usage and reducing emissions across its supply chain.
• Autonomous Electric Vehicles: GM’s subsidiary, Cruise, is developing fully autonomous electric vehicles, with plans to introduce self-driving EVs for urban transport in 2026.

Government Support for GM’s Transition

Regulations and incentives come from governments in the key markets, the US and Europe, which are driving this change. The U.S.’s Inflation Reduction Act aimed at cap and investing in technology offers USD 7,500 tax credits to buyers of EVs, and GM believes these policies to drive up its EV sales in North America.

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