GM CEO Mary Barra talks about Chevy Silverado EV on earnings call
This is the time of year. The timing of companies’ first quarter 2021 earnings calls. General Motors reported strong earnings for the quarter, and CEO Mary Barra and CFO Paul Jacobson answered questions. You better bet the next all-electric Chevrolet Silverado pickup truck was a topic of interest.
There are still few details on the next electric pickup truck, and we don’t even know if it will go by the Silverado name. We know that it will be built on GM’s Ultium platform and that it could share some features and design with the GMC Hummer EV electric truck.
Nonetheless, Barra said that there is already a strong demand for the Silverado EV. Specifically, she referred to the “strong reaction from commercial and government owners as many fleet customers seek to have zero-emission vehicles.” Barra has made it clear that GM is highly skilled at producing full-size trucks, so all that remains is to equip those trucks with an EV powertrain. The CEO shared:
“I am delighted to share (Chevrolet Silverado EV) with everyone because it is just beautiful. I think we are going to see a strong demand there. This, along with other products, will be an important element in achieving our goal of having leadership in North America. It’s one of the few or more to get into the high volume segments that we obviously need to do and GM is well positioned to rely on the Ultium platform to achieve that leadership.
Barra then spoke about GM’s future prospects, as well as many important products that will eventually hit the market. She said that since the automaker has already spent years investing in new platforms, it doesn’t need to make big investments in architecture to move forward. When asked about ICE cars at GM beyond 2025, Barra was not very clear. She said:
“It’s mainly about making sure these customers win the market from a customer perspective. This is what we will be frankly focusing on by 2035, when our aspiration is to sell all electric vehicles from a light vehicle perspective. “