GM controls about 70% of the large sport utility market in North America. Profit margins on large fuel-thirsty SUVs can be as high as 30%, or more than $15,000 a vehicle. The company yesterday unveiled bigger-than-ever new Chevrolet Tahoe and Suburban models, claiming that profits from the SUVs will fund its investment in electric cars.
moreā€¦

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

The post How will GM fund its EVs? By launching bigger, gas-guzzling SUVs appeared first on Electrek.

View Entire Article on Electrek.co