GM projects reduced EV costs, increased margins by 2025, emphasizing high-profit models and battery innovations.

GM Boosts EV's

GM expects a significant decrease in electric vehicle manufacturing expenses by 2024.

CFO Paul Jacobson expresses confidence in upcoming improvements in EV profit margins.

Projections aim for mid-single-digit earnings before interest and taxes margin goals by 2025.

GM emphasizes the goal of being the best GM, not the next Tesla.

Recent measures include $10 billion in share buybacks and a 33% dividend increase.

Commitment to reduce expenditures in the autonomous vehicle division, Cruise.

GM retracts the goal of producing 400,000 EVs from 2022 to mid-2024.

Anticipation of a "meaningful" EV production increase in the coming year.

Plans to have 1 million units of EV capacity by 2025 remain intact.

Strategic plans target a reduction of fixed costs in 2024 for EVs, aiming for a $20,000 decrease per vehicle compared to 2023.