• Home
  • Business
Menu
  • Home
  • Business

Tech

  • Rich & Famous
  • Real Estate
Menu
  • Rich & Famous
  • Real Estate
Menu
  • Home
  • Business
  • Tech
  • Rich & Famous
  • Real Estate

Home / Business

Business

GM Focusing “Entirely” on Electric Trucks By 2024

June 15, 2023
,
Business

For years, the rivalry between Tesla and General Motors has been highly visible. Starting from electric vehicles (EVs) to self-driving cars, both companies have shown their determination to stay ahead of the competition in terms of innovation.

Now, in a surprising move, General Motors is taking on its biggest competitor yet: Tesla.

Elle | As the Tesla-GM competition of EVs sustains, General Motors surprises Tesla by announcing that the car giant will shift over to electric trucks beginning next year.

Why Is GM Making This Move?

With more than a century’s worth of automotive experience under its belt, it’s no surprise that GM has chosen now to make this bold move into electric truck production. After all, the company has long been one of the world’s leading automakers. And with EVs gaining more popularity in recent years, it makes sense that they would want to capitalize on this trend.

With EVs becoming increasingly popular as a sustainable transportation option, GM sees electric trucks as an opportunity to take their business to the next level.

What Will This Mean for Tesla?

The move by GM to produce electric trucks will bring about some serious competition for Tesla. As one of the most prominent players in the EV market, Tesla has been able to maintain its dominance largely because of its lack of direct competitors. However, now that General Motors is entering the fray, things could get interesting. And potentially even heated between these two companies.

Car News | While social media users are unhappy with GM’s shocking move, one thing is for sure: The move will make the long-running Tesla-GM rivalry more intense.

At this point, it is unclear exactly how Tesla will respond to this new development. Will they be able to maintain their current level of success in the face of such intense competition? Or will GM’s entrance into the electric truck market spell trouble for Tesla? Well, we are not sure yet! Only time will tell.

GM’s Chevy Bolt

GM’s move into electric trucks is just one part of the company’s broader shift toward producing more EVs. The Chevy Bolt, an all-electric vehicle that was released in 2017, has been a huge success for General Motors. This car won numerous awards and helped to propel GM further into the world of electric vehicles.

It remains to be seen exactly how GM’s transition from EVs to electric trucks will affect the market. But it is clear that the company is determined to make its mark on this industry. With such intense competition between Tesla and GM now brewing, consumers can expect some exciting new offerings from both companies in the near future.

Tech News | General Motors’ Chevy Bolt was the first-ever electric vehicle (EV) that set the car industry ablaze in 2017.

Parting Thoughts

The rivalry between GM and Tesla has been a long-standing one. But with GM’s recent move into producing electric trucks, things are about to get much more interesting. As both companies jostle for position in the EV market, it remains to be seen who will come out on top. And how this shift might shape the future of EVs in general. Regardless of what happens next, one thing is certain: We are in for a thrilling ride.

More From

Bella Thorne is Hit with Yet Another Scamming Scandal and this Time it Involves Jewelry

Victoria Beckham is Giving Goop a Run for Its Money with the Launch of this New Brand

Jennifer Lopez Is Launching a Cosmetics Line: Here’s What Beauty Junkies Need to Know

‘Harry Potter and the Philosopher’s Stone’ Raked in $1 Billion at the Box Office 19 Years After Its Release, Here’s How

More Posts In (Business)

Business

The Future of American Business in the Changing Global Arena

Read More
Business

Is Selling T-Shirts Online as Easy as It Sounds?

Read More
Business

Arizona’s Proposal to End Taxes on Tips — Who Really Benefits?

Read More
Business

5 Critical AI Mistakes That Could Hurt Your Business in 2025

Read More
Business

17 High-Value Items Pawn Shops Always Want to Buy

Read More
Benefits of Using Cloud Storage for Business Operations
Business

10 Benefits of Using Cloud Storage for Business Operations

Read More

Copyright © 2020 Reportingly.com

  • Home
  • Terms Of Use
  • Contact Us
  • About Us
  • Privacy Policy
Menu
  • Home
  • Terms Of Use
  • Contact Us
  • About Us
  • Privacy Policy

Copyright © 2020 Reportingly.com

  • Home
  • Terms Of Use
  • Contact Us
  • About Us
  • Privacy Policy
Menu
  • Home
  • Terms Of Use
  • Contact Us
  • About Us
  • Privacy Policy
Copyright © 2020 LoanPride