Tomorrow General Motors (GM) will hold their first ever EV Day to showcase to investors what the legacy automaker has in store to electrify their vehicle lineup.
With a clear shift towards electric vehicles (EV) in today’s marketplace, EV Day may be GM’s best shot at convincing investors and Wall Street that the automaker has what it takes to compete with the likes of Tesla.
GM announced plans to launch at least 20 new EV’s more than two years, but progress since then has been slow.
The automaker currently only offers one EV in North America, the Chevy Bolt EV, which has seen declining sales two years in a row. They recently released an attractive looking and competitively priced electric SUV, the Chevrolet Menlo. The one catch is it is only available in China.
During EV Day, it is expected that GM will show off up to 12 upcoming EV’s, giving investors a behind-the-scenes look at its EV plans. The focus will be on the company’s next-generation electric vehicle platform, the “BEV3”.
GM also recently announced plans to bring back the Hummer as an EV, with an expensive commercial during the Super Bowl. They claim the Hummer EV will have an estimated 1,000 horsepower, 11,500 pound-feet of torque and be able to accelerate from 0 to 60mph in 3 seconds.
More than 150 media members and investors are expected at the event, which is not open to the public.