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Originally Posted by Martinjlm
How do you account for all the strategy statements GM made in 2019? Nobody knew who would win the Nov. 2020 election when GM said “we’re going all electric”. Their decision was made based on global economics and concern for a reduction of carbon emissions. The interesting thing is GM is notoriously tight-lipped about future product, but there they were in 2019 laying it all out publicly. Again, a year and a half before an election, so they obviously didn’t know or care what administration would be in power.
In my opinion GM’s rationale for being so open about this was to signal to the supply community that change is coming. Now they have strategic agreements including joint ventures to develop and produce state-of-the-art batteries as well as supply agreements with mines and producers of metals and materials required to manufacture batteries and electric motors.
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Those 2019 articles and statements do not mention "going all electric" and announce any end to ICE production. It was "all electric" as opposed to hybrid. No mention of ending ICE.
That didn't happen until the Biden administration was in and the goal of ending fossil fuels was put into action. Sure, they could plan on EVs in 2019 (Tesla had been building them for years and GM and many others just couldn't wait for Tesla to fail). Only when the Biden administration artificially promoted EVs with subsidies and anti-fossil fuel policies and the woke New Green Deal and Paris Climate Accords agendas did GM (gm) go all in on EVs and start bragging about ending ICE.