GM says NEVs to be profitable by 2025

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build more than 1 million EVs per year. CEO Mary Barra said the profit figure includes vehicle sales revenue, benefits from emissions tax credits and revenue from software and parts sales on Thursday. She added that the company’s EV portfolio appeals to a broader range of customers than the competition. GM’s EV lineup includes plans to sell a small SUV for around $30,000, a luxury SUV, pickup trucks and Hummer SUVs in the next two years. The automaker has a goal of selling only electric passenger vehicles by 2035.