After nearly a century of building vehicles that pollute the atmosphere, one of the world's largest automakers has declared that it is parting ways with gasoline and diesel and embarking on a path to zero emissions.
"General Motors believes in an all-electric future," Mark Reuss, the company's executive vice president of product development, purchasing and supply chain, said in a statement. "We are far along in our plan to lead the way to that future world."
The models under development will be based on improvements to the Bolt's platform, the automaker says.
According to Reuss, the transition to all-electric cars will happen at different speeds in different markets and regions, but he has no doubt about its profitability, despite the reports of the company losing $9,000 on each Chevy Bolt it sells. Reuss' strategy hinges on bringing costs down thanks to steadily dropping battery prices, more efficient motors and lighter cars. Add to that massive scale and global supply chains.
"This next generation will be profitable," Reuss said. "End of story."