GM & Honda to Offer EV Crossovers
GM and Honda said they’re planning a line of electric crossovers that will cost less than $30,000, well below the price of the industry’s average gasoline vehicle today.
The automakers intend to sell millions of co-developed “affordable” EVs starting in 2027. The vehicles, mostly compact crossovers, will be based on a new global electric architecture powered by GM’s Ultium battery technology and use jointly created advanced battery technology.
“By working together, we’ll put people all over the world into EVs faster than either company could achieve on its own,” GM CEO Mary Barra said in a statement.