GM aims to up the ante on electric cars

As car makers around the world race to make cheaper electric vehicles, General Motors in the US is working on one that will be priced about $US30,000 and can drive 320 kilometres per charge, more than double the distance of many electric cars.

By InvestSMART · 18 Sep 2013

By InvestSMART ·
18 Sep 2013

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Frequently Asked Questions about this Article…

What is General Motors' new electric car and what are its expected price and range?

General Motors (GM) is working on an electric car that, according to the article, is expected to be priced at about US$30,000 and able to drive roughly 320 kilometres per charge.

How does GM's planned EV range of 320 kilometres compare to other electric cars?

The article states GM's targeted 320-kilometre range is more than double the distance of many electric cars currently on the market, suggesting a meaningful improvement in single-charge range versus several existing models.

Why would a US$30,000 electric vehicle from GM matter to everyday investors?

A US$30,000 price point could make electric vehicles more affordable for a broader slice of consumers, potentially expanding market demand. For investors, that could affect GM’s sales volumes, competitive position in the EV market, and long-term revenue potential—factors to monitor when evaluating the company.

What key factors should investors watch as GM develops this cheaper electric vehicle?

Investors should track GM’s production and supply-chain execution, battery costs and suppliers, claimed vehicle range in real-world tests, profit margins at the US$30,000 price point, regulatory incentives, and how competitors respond in the EV market.

Could GM’s cheaper electric car change the competitive landscape of the EV market?

Yes. If GM successfully delivers a reliably long-range EV at about US$30,000, it could increase price competition, push broader consumer adoption, and influence how other car makers price and position their electric models.

What are the main risks investors should consider about GM’s plan for a low-cost, 320 km EV?

Key risks include execution risk (manufacturing and scaling), potential higher-than-expected production costs, battery technology or supply constraints, slower-than-expected consumer uptake, and intensified competitive responses from other car makers.

How can investors verify GM’s claims about the US$30,000 price and 320 km range?

Investors can follow GM’s official announcements and investor relations materials, watch independent vehicle tests and reviews, check regulatory certification documents, and read reputable automotive and financial news coverage for confirmation and analysis.

What should everyday investors do before making decisions based on GM’s EV plans?

Everyday investors should gather updated, verified information from GM and independent sources, consider how the EV fits into GM’s broader business strategy, assess risks like production and cost pressures, and consult a financial advisor to see how any potential outcomes align with their investment goals.