EV profitability will be achieved gradually: near-term margins will compress due to battery costs, but by the latter part of the decade (2028-2030), EV manufacturing costs will achieve parity with internal combustion engine vehicles, enabling profitable EV production.
forecastpending
Speaker
Mary BarraEvidence Quote
“As we get our own batteries in these vehicles, as we ramp these plants up, um each of our our EVs will be profitable... in the latter part of the decade is where we start to see that you're going to see parody from where we are from an internal combustion engine.”
Source
General Motors CEO Mary Barra on future of auto industry (Full Stream 9/15)— Washington Post LiveCreated: 8/11/2026, 1:50:33 AM
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