GM aims for up to 500,000 Electric and eAssist Vehicles by 2017

Car - BSN

(Best Syndication News) - General Motors (NYSE:GM, TSX: GMM) plans to have up to 500,000 vehicles on the roads with some form of electric power by 2017. The announcement came from GM’s top product development executive this Wednesday.

“The plug-in offers a unique opportunity to change the way people commute. Plug-based solutions will play a significant role in our technology portfolio going forward,” said Mary Barra, senior vice president of Global Product Development. She made her comments at the GM Electrification Experience in San Francisco,

Lessons learned from the Chevrolet Volt - which was introduced in 2010 – helped GM develop their Chevrolet Spark EV. The Chevrolet Spark will become available next year in certain US and South Korea markets, with more markets to be announced soon.

GM expects to sell over 50,000 electric powered vehicles this year. Besides the Chevrolet Volt electric vehicle, GM offers eAssist light electrification technology in the Buick LaCrosse, Regal, and Chevrolet Malibu models. The 2014 Chevrolet Impala will have an eAssist model option, and will be on display at dealerships in 2013. The eAssist technology incorporates a hybrid of gasoline, battery, and electric motor to improve fuel efficiency.

“Our commitment to eAssist is unwavering,” Barra said. “In fact, our future portfolio calls for eAssist to be on hundreds of thousands of GM vehicles annually by 2017.”

By: Dave Reddy

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