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GM Reverses All-In EV Strategy to Bring Back Plug-In Hybrids (www.thedrive.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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GM Reverses All-In EV Strategy to Bring Back Plug-In Hybrids::The EV craze is butting up against limited demand, and it's forcing General Motors to bring back hybrids in an almost total about-face.

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[–] Bye@lemmy.world 1 points 10 months ago

Because it had worse margins than other cars they could be selling. Heard an interview with their CEO about this exact thing. Other vehicles make them more money so they are focusing there.