What this really says is that GM knows the electric future is a long-term deal, and it’ll be needing a lot more V8s in the near-term.
Maybe. What I think it says is that GM knows that "the electric future" is never happening and that they've already spent too much money to produce EVs that will NEVER sell in the volume needed to be profitable, that the spiraling cost of lithium and other inputs will put EVs even further beyond the budgets of most potential customers, that customers will learn that the actual environmental "benefits" of EVs are delusional, that range and recharging time issues will continue to limit the market for EVs, that government bribes to customers for buying EVs won't last forever, that the dangers of EVs make them unsuitable for transport on cargo ships or even ferries, that the electric grid is a million miles away from being ready for the phony "electric future" of 100% EV sales -- and more.
Maybe. What I think it says is that GM knows that "the electric future" is never happening and that they've already spent too much money to produce EVs that will NEVER sell in the volume needed to be profitable, that the spiraling cost of lithium and other inputs will put EVs even further beyond the budgets of most potential customers, that customers will learn that the actual environmental "benefits" of EVs are delusional, that range and recharging time issues will continue to limit the market for EVs, that government bribes to customers for buying EVs won't last forever, that the dangers of EVs make them unsuitable for transport on cargo ships or even ferries, that the electric grid is a million miles away from being ready for the phony "electric future" of 100% EV sales -- and more.
Hear, HEAR!!!