Sub-$40,000 EVs can’t yet be profitable, says GM CEO

By [email protected] (Stephen Edelstein) General Motors CEO Mary Barra said in a conference Friday that EVs selling for less than $40,000 can’t be profitable just yet. It’s an unexpected statement from the head of an automaker that’s been fairly optimistic about affordable EVs. As reported by Reuters, Barra told conference attendees that EV battery costs are still too high to build…

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