The CEO of General Motors ( GM ) , Mary Barra , has announced the company will launch a range of electric vehicles ( EVs ) in 2021 and is intending that they should be profitable . On Monday, GM’s China chief said the automaker and its joint-venture partners will be able to meet the country’s 2019 electric vehicle requirements without purchasing credits from other companies. Rival battery manufacturer Ford has continued to make losses , as other companies seek ways to make money from the new technology . GM hopes to make its batteries cheaper by developing a new battery system that will be 30 % less expensive than existing lithium - ion ones . It aims to bring the cost of batteries down to $ 1 per kilowatt - hour and increase the vehicles ' range to more than 300 miles between charges .
The CEO of General Motors ( GM ) , Mary Barra , has announced the company will launch a range of electric vehicles ( EVs ) in 2021 and is intending that they should be profitable . Rival battery manufacturer Ford has continued to make losses , as other companies seek ways to make money from the new technology . GM hopes to make its batteries cheaper by developing a new battery system that will be 30 % less expensive than existing lithium - ion ones . It aims to bring the cost of batteries down to $ 1 per kilowatt - hour and increase the vehicles ' range to more than 300 miles between charges .