General Motors has hosted Wall Street financial analysts at its manufacturing site in Spring Hill, Tennessee to share optimism about the company’s 2025 prospects.

The company said GM’s financial performance reflects both continued strength in gas- and diesel-powered trucks and SUVs and an improving financial outlook for its electric vehicles.

GM said its product portfolio is taking EV market share from competitors and pulling in many new customers. It also claims to be ‘making rapid progress toward EV profitability’.

The company says it is on track build and wholesale about 200,000 GM-branded EVs this year.

GM says it is addressing range anxiety, and that most GM EVs in North America ‘now boast a range of more than 300 miles, and we will continue to add more range – the new Silverado EV RST can go nearly 500 miles on a full charge’.

‘Approaching EV profitability’

GM claims its EV economics will improve as volumes increase and ‘we’re nearing the crossover point to profitability for EV sales. What has been a headwind to earnings will soon become a tailwind.’

GM maintains that EV profitability is benefitting from declining battery cell costs, ‘thanks to the quality, efficiency, and scale of our joint venture cell plants, as well as the other efficiencies driven by our purpose-built EV platform’. Th company also says it has been ‘aggressive on reducing fixed costs, which have come down by $2 billion over the last two years net of depreciation and amortization’.

GM has told investors that it expects to keep 2025 capital spending consistent with this year’s level and that it has already made many of the large investments required to grow its EV business.