x
Breaking News
More () »

GM sets to double revenue, lead US in electric vehicle sales

The company, headquartered in Michigan, plans to cash in as the world switches from combustion engines to battery power.
Credit: AP
FILE - In this April 25, 2017 file, photo, a GMC logo is displayed on the wheel of a truck at a General Motors dealer's lot in Nashville, Tenn. General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road. (AP Photo/Mark Humphrey)

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030. 

To get there it plans an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road. 

In announcements Wednesday, ahead of a two-day investor event in suburban Detroit, the company also pledged to unseat Tesla and become the electric vehicle market share leader in U.S., although no time frame was given. 

GM teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC.

RELATED VIDEO: 'Could be 8 to 10 years': Local auto dealers don't foresee speedy return of holiday sales

►Make it easy to keep up to date with more stories like this. Download the 13 ON YOUR SIDE app now.

Have a news tip? Email news@13onyourside.com, visit our Facebook page or Twitter. Subscribe to our YouTube channel.

 

Before You Leave, Check This Out