Find the latest episode of "The Uncertain Hour" here. Listen

General Motors looks to an electric car future

Ben Bradford Oct 31, 2018
HTML EMBED:
COPY
A crowd gathers around a 2016 Chevrolet Volt after it was named 2016 Green Car of the Year, at the 2015 Los Angeles Auto Show in Los Angeles, California, November 19, 2015.  ROBYN BECK/AFP/Getty Images

General Motors looks to an electric car future

Ben Bradford Oct 31, 2018
A crowd gathers around a 2016 Chevrolet Volt after it was named 2016 Green Car of the Year, at the 2015 Los Angeles Auto Show in Los Angeles, California, November 19, 2015.  ROBYN BECK/AFP/Getty Images
HTML EMBED:
COPY

General Motors reports earnings this morning, amid declining vehicle sales and higher manufacturing costs from tariffs. Longer term, the company is betting on electric cars, with plans to roll out 20 all-electric models over the next five years. On Friday, GM called for a national zero-emission vehicle program, even as it supports a rollback of Obama-era gas mileage standards.

“Having put billions of dollars into this technology, they want to make sure they actually have a market to get people to buy these vehicles,” explained Sam Abuelsamid, an automotive analyst for Navigant Research. However, some environmental groups are skeptical. 

“It’s a shiny thing to put out there, that distracts from the fact that they are calling for a rollback of the vehicle emissions standards,” said David Reichmuth of the Union of Concerned Scientists. 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.