[Martinjlm]

Originally Posted by Capricio

"We need more ICE profits so we can make up for EV losses, but we still insist on eventually making only EVs!"

Well, eventually I'm sure the policy tables will turn again, the price of gasoline will be artificially inflated, EVs will be subsidized, ICE will handed insane MPG/efficiency requirements, all over again, and we'll be told, again, how superior EVs are.

...circle of life, Deja vu, and all that.

GM's position is less an issue of policy trends and more an issue of technology development. In roughly a decade EVs have progressed from being sub 100 hp sub-100 mile range glorified golf carts to vehicles hitting the street with 1,000+ hp, 500+ mile range and ability to completely obliterate Nurburgring times of multi-million dollar ICE cars. And the technology growth is just starting, compared to ICE technology growth which, while amazing, is pretty much at its peak after about 100 years. There's just not that much more potential to draw from ICE technology. GM's position is that to be relevant 20, 30, 40 years from now they need to be at or near the top of the hill on EV technology now and stay relevant through continuous development of EV technology. Continuing ICE product gives them the benefit of being able to manage EV development at a less than frantic pace. GM has stated in 2024 that they have already achieved variable cost profitability for their entire EV portfolio. Variable cost is material + labor + marketing. Does not include cost of facilities or capital tooling.

Bottom picture - Mitsubishi iMiEV from the 2010s. 62 hp, 59 mile range.
Middle Picture - Zeekr 001R 1,300 ps (1,282 hp) that broke several N'Ring records. On sale in China. EDIT: I misspoke Zeekr 001R did not set N'Ring records. the 001 version (536 hp) broke the world record for high speed drifting. 129 mph on a drift. The 001R did run the Ring but that time has not yet been disclosed.
Top Picture - Lucid Air Sapphire - 1,234 hp 472 mile range. Only production vehicle so far that stomps the Tesla Model S Plaid.