GM intends to offer two more electric vehicles in the U.S. over the next 18 months and 20 globally within six years. The auto makers are investing billions of dollars in electric vehicles despite challenges turning a profit on them due to expensive technology costs that increase vehicle prices, and tepid consumer demand. Electric vehicles account for less than 1% of U.S. sales, and a sliver of the nearly 90 million sold around the world. “General Motors believes the future is all-electric,” said Mark Reuss, GM’s product-development chief, at the auto maker’s suburban Detroit design center. GM officials showed reporters fully built prototypes of three electric vehicles, including an SUV, a wagon and a podlike micro bus.

Source: Wall Street Journal October 02, 2017 16:27 UTC