Common Motors is all-in on electrical autos and the automaker has huge plans to problem conventional firms and rising stars like Tesla. But, it feels like GM is aware of the world cannot flip a swap and all of the sudden see demand for EVs skyrocket.

In reality, GM CEO Mary Barra believes it should take a long time for EVs to turn out to be extra widespread than automobiles with an internal-combustion engine beneath the hood. Barra made the feedback throughout Bloomberg Tv’s Management Reside program after a query about how lengthy we have now till all autos on the highway are electrical. Twenty years time is simply too quickly, Barra stated, however GM as a complete sees the method occurring slowly over time.

Although by the automaker’s greatest estimate we cannot see widespread EV gross sales till after 2040, GM continues to sink thousands and thousands of {dollars} into electrical automobiles. 

Whereas the automaker solely sells a single EV at the moment, the Chevy Bolt EV, we’ll see two extra quickly. An electrical Cadillac SUV, named the Lyriq, will possible debut this yr, as will the GMC Hummer EV pickup truck. Ultimately, a skateboard platform and GM’s Ultium battery expertise will underpin at the very least 20 new electrical automobiles at GM.

However GM will not be the one one venturing right into a world the place automaker lineups more and more squeeze in EVs. Volkswagen, Ford, Hyundai and Kia all have related plans to proceed introducing extra EVs, even when US patrons aren’t completely prepared for them.