What is an ev ceo

General Motors CEO Mary Barra predicts by 2025, her company will outcompete Tesla in selling more electric vehicles in the U.S. Julia Nikhinson—AP Images

Elon Musk’s Tesla currently sells more electric cars than any other company in the U.S. and holds over 60% of the U.S. market share.

With a lead like that, it seems unlikely that Tesla will be usurped anytime soon. 

But General Motors CEO Mary Barra doubled down on a bold challenge to Musk earlier this week: By 2025, her company will be selling the most electric vehicles in the U.S. 

Barra first made the prediction to CNBC in October 2021, replying “absolutely” when asked if she thinks GM can catch up to Tesla by the middle of this decade. 

Tesla does not report U.S. numbers separate from its global sales, but Cox Automotive estimates it sold 352,471 cars to American drivers last year. That’s around 14 times more than GM’s Chevrolet brand. After a recall due to battery fire risks and paused production, Chevrolet finished the year with fewer than 25,000 electric vehicles sold, trailing third behind Tesla and Ford in U.S. sales, according to CNBC. 

The prediction is part of GM’s larger goal to sell only zero-emission vehicles by 2035. It has pledged to invest $35 billion in electric and autonomous vehicles so that it can roll out 30 new battery-powered models globally leading up to 2025.

A GM spokesperson told Fortune that its four planned U.S.-based battery plants will expand capacity in North America to “build 1 million EVs by the end of 2025, as well as an additional 1 million units of capacity in China.”

“We already have the best-selling EV in China. Our EV deliveries in North America in 2022 are growing again now that the Chevrolet Bolt EV and EUV are back in production,” the spokesperson said.

They added that next year, the company is launching three high-volume Chevrolet EVs—the Silverado, Blazer, and Equinox—and have many other EV projects that will launch before 2025.

To beat Tesla in two and a half years, GM’s strategy is to deliver high-range electric cars at affordable prices. 

“To really get to 30, 40, 50% EVs being sold, you have to appeal to people that are in that $30,000 to $35,000 price range,” Barra told the Associated Press.

Last month, the Detroit-based manufacturer cut prices on its 2023 Chevrolet Bolt EV and Bolt EUV by $6,000. The Bolt EV now starts at ​​$26,595, making it one of the least expensive electric vehicles in the U.S. The Bolt EUV sells for $28,195. And this September, GM is expected to reveal the Equinox EV, a $30,000 compact SUV set to join Chevrolet’s offerings in the fall of 2023.

The cheapest Tesla for sale right now is a rear-wheel drive Model 3, which sells for $46,990, following a 34% price hike in March. Over the last two years, the company has repeatedly hiked prices across its models. Supply-chain issues and inflation have made those increases necessary, Musk said. 

Last Friday, Musk tweeted, “If inflation calms down, we can lower prices for cars,” responding to an inquiry on Tesla’s plans after pandemic supply-chain issues have been resolved. 

But even before inflation troubles, Tesla’s prices were higher than GM’s. When Tesla first announced its Model 3, it actively promoted, and Musk himself personally promised, a $35,000 starting price. For a brief period, Tesla did sell the Model 3 off-menu for $35,000 before getting rid of that version altogether for the 2021 model year. 

Tesla did not respond to Fortune’s request for comment. 

Challenges ahead for GM

Even with a competitive cost advantage, GM faces a wave of challenges to fulfill its goal of dominating the U.S. electric vehicle market. It’s struggling through the same inflationary pressures, high raw material costs, and semiconductor chip shortage that prompted Tesla’s price increases. To alleviate one of those issues, Barra said, GM will move toward buying and controlling three standard families of semiconductor chips in the coming years. 

“We’re also working with a select group of strategic companies to source these for the volumes. We’ll have much better control and a stable supply,” Barra said in the interview. 

With the Federal Reserve preparing to raise interest rates, and several economists warning of a looming recession, Barra acknowledged that the current business environment is “pretty volatile right now.”

“We’re looking at many different scenarios as any prudent business leader would to make sure we’re ready for whatever, however the situation evolves,” she added. “I’m an engineer, so I’m a problem solver.”

Chief Executive Officer

Cathy Zoi joined EVgo as CEO in 2017 and has led the company’s growth and its establishment as the preeminent public fast charging network in the US. Zoi came to EVgo as a distinguished executive with decades of experience in the clean energy, investing, and policy communities.

She has held numerous CEO and senior executive positions in the energy industry, government, academia and non-profit sectors. She was President and co-founder of Odyssey Energy, a distributed generation software company she continues to chair. She was founding CEO of Frontier Power, a rural electrification company incubated by SunEdison. Zoi was an energy investor at Silver Lake and Bayard Capital, a board member for Ice Energy, SES, and Pacific Solar, and a management consultant at ICF and Next Energy. She served in the Obama Administration as Assistant Secretary and Acting Under Secretary at the Department of Energy, where she oversaw more than $30 billion in energy investments. Zoi was also the founding CEO of both the Alliance for Climate Protection, established and chaired by U.S. Vice President Al Gore; and the Sustainable Energy Development Authority, a $50m fund to commercialize clean energy technologies in Australia. In the early 1990s, Zoi was Chief of Staff for Environmental Policy in the Clinton White House and she pioneered the Energy Star program while at the U.S. EPA. Zoi was also an adjunct professor and Precourt Energy Scholar at Stanford University, where she taught and did research between 2012 and 2017.

Zoi has a B.S. in Geology from Duke University and an M.S. in Engineering from Dartmouth.