GM went all in on electric vehicles. Dealers say buyers want hybrids.
Mint Mumbai|January 31, 2024
Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren't ready to make the switch to fully electric cars.
GM went all in on electric vehicles. Dealers say buyers want hybrids.

Dealers who serve on advisory committees to the automaker have urged executives in several recent meetings to add hybrids to GM's lineup, according to people involved in the discussions. GM has focused on fully electric cars in recent years and largely bypassed hybrids, which pair an internal combustion engine with a small battery and electric motor to boost fuel efficiency.

The dealers said they expressed concern that more customers are looking for a middle ground between conventional gas-engine cars and EVS, which are more expensive and require regular charging.

GM executives have acknowledged the dealers'views but haven't made any commitments to future hybrid options, the people said. Automakers often solicit input from dealers on vehicle planning but still typically keep the details of future models under wraps.

A GM spokesman declined to comment.

The dealers' pleas for the company to consider adding hybrid models show another dimension of the pressure facing GM Chief Executive Mary Barra as aspects of her EV push stall.

Making such a move would mark a major strategic reversal for GM, which unlike many of its rivals, went all-in on EVS and largely sat out the hybrid market, which executives viewed as an unnecessary interim step.

Last month, Barra didn't rule out the prospect of introducing hybrid models in the U.S. when asked about it during an event in Detroit, noting that GM sells them in China.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
Unregulated and volatile: Is crypto worth the gamble?
Mint Mumbai

Unregulated and volatile: Is crypto worth the gamble?

India’s crypto landscape is a complex mix of volatility, cybersecurity risks and regulatory gaps

time-read
3 mins  |
November 29, 2024
A 'dark' tour of Ukraine's war-ravaged cities
Mint Mumbai

A 'dark' tour of Ukraine's war-ravaged cities

Tour companies are offering thrill-seeking tourists packages to visit sights of tragic events, hoping to make money and raise awareness

time-read
2 mins  |
November 29, 2024
Shades of art and coffee
Mint Mumbai

Shades of art and coffee

A Mint guide to what's happening in and around your city

time-read
1 min  |
November 29, 2024
Mint Mumbai

AI effect: Business efficiency but puffed-out workers?

Upskill. Upgrade. Retrain. Reskill. Words that are sprinkled liberally in the business updates of many listed firms of India Inc. While companies have begun to boast of their fast-increasing count of workers skilled in the use of artificial intelligence (AI) tools, for us employees, the quickened pace of upskilling seems to be a race. A race that many did not volunteer to participate in, but cannot afford to watch from the sidelines. It is ironical that AI, which is expected to ease business complexities, may end up exhausting employees being pushed to Upskill, Upgrade and Retrain.

time-read
3 mins  |
November 29, 2024
Here's how India can address the emerging scarcity of fresh water
Mint Mumbai

Here's how India can address the emerging scarcity of fresh water

It's time for the country to invest in future supplies through desalination plants that could be set up along our vast coastline

time-read
3 mins  |
November 29, 2024
It won't be easy for Bessent to fix US finances but he should
Mint Mumbai

It won't be easy for Bessent to fix US finances but he should

Trump's chosen Treasury secretary will face a daunting challenge

time-read
3 mins  |
November 29, 2024
India should consider a jobs-linked incentive scheme
Mint Mumbai

India should consider a jobs-linked incentive scheme

Employees Provident Fund Organisation (EPFO) data shows that around 12-13 million formal jobs are added every year. This is good news. On the other hand, data from the Centre for Monitoring Indian Economy reveals an unemployment rate that has ranged from 7.2% to 9% this year.

time-read
3 mins  |
November 29, 2024
Small government: Back with a bang or whimper?
Mint Mumbai

Small government: Back with a bang or whimper?

Trump's push for a drastic scale-back of the American state could be a test case for others. Get it right, the economy booms. Get too radical, and big-bang reforms could backfire badly

time-read
2 mins  |
November 29, 2024
How to keep your FIRE alive: Smart financial planning tips
Mint Mumbai

How to keep your FIRE alive: Smart financial planning tips

Financial experts came together at the Mint Money Festival 2024 to discuss FIRE (financial independence, retire early), how to execute it, and things to look out for along the way.

time-read
3 mins  |
November 29, 2024
Mint Mumbai

Who doesn't love cash transfers but are these really the answer?

These schemes are easy to run and popular but do little to reduce the disadvantages women face

time-read
3 mins  |
November 29, 2024