GM controls about 70% of the large sport utility market in North America. Profit margins on large fuel-thirsty SUVs can be as high as 30%, or more than $15,000 a vehicle. The company yesterday unveiled bigger-than-ever new Chevrolet Tahoe and Suburban models, claiming that profits from the SUVs will fund its investment in electric cars.
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https://www.youtube.com/watch?v=V1zk7Eb8r-s&list=PL_Qf0A10763mA7Byw9ncZqxjke6Gjz0Mt
The post How will GM fund its EVs? By launching bigger, gas-guzzling SUVs appeared first on Electrek.
Source: Charge Forward
