General Motors targets 20 all-electric models by 2023


More information about GM's new electric cars will be revealed down the road. A lot of countries have been approving laws that will decrease the use of fuel cars for the sake of a better future.

General Motors believes in an "all-electric" future for vehicles; a future in which the company ceases to produce gas and diesel automobiles.

GM said its future electric vehicles will utilize batteries or hydrogen fuel cells.

In the same announcement GM also introduced its "Silent Utility Rover Universal Superstructure" (SURUS) that the company said is a fuel cell-powered, four-wheel steer concept vehicle on a heavy-duty truck frame driven by two electric motors. The two new fully-electric cars are part of GM's plan to introduce 20 new electric vehicles by 2023.

G.M.'s chief executive, Mary T. Barra, announced in September that the company, America's largest automaker, expected the industry to move aggressively toward an automotive future with zero emissions, traffic accidents and highway congestion.

At an event in Warren, Michigan, on Monday, GM showed off three clay models of vehicles designed around its upcoming new battery-electric drivetrain: a Buick crossover, a Cadillac wagon, and a futuristic-looking small vehicle that could be the next-generation Bolt EV.

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State-owned energy efficiency services limited (ESSL) will procure 10,000 cars from Tata Motors, with the first batch hitting roads later this year, the company said in a statement. But at the very least they want to make some progress like many other companies have.

Meanwhile, electric carmaker Tesla said Monday that it delivered a record number of vehicles in the third quarter - but fewer of its new Model 3 sedans than anticipated.

It's no surprise that GM, which became the first automaker to begin mass-producing an affordable long-range electric vehicle previous year, appears to have an extensive electric-vehicle product-development program well underway.

The news helped push GM's stock up 4.4 percent to a record closing price of $42.16 on Monday, besting the old high of $40.99 set on December 20, 2013.

GM stock traded up about 4% in the noon hour Monday, at $42.01 in a 52-week range of $30.21 to $42.48, a new high set this morning. The cars, priced at almost $15,500, are the first attempt by the Indian government to replace its half-a-million fleet of diesel and petrol cars - used by hhigh-rankinggovernment employees - with electric vehicles.

More broadly, GM also drew a clear line in the sand on Monday: Its future is electric.