Most American cars run on gasoline. But analysts say that's poised to change as electric vehicles take over the market, although they disagree on how soon.
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The German carmaker is planning to introduce a $30,000 to $40,000 electric car in 2020 to compete with similarly priced American vehicles, CEO Scott Keogh told reporters on Wednesday.
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General Motors has high hopes for the Chevrolet Bolt EV (shown here during its debut at the North American International Auto Show in Detroit last year). It can travel 238 miles on one charge. Currently, the only other all-electric cars with that kind of range are Teslas, which are far more expensive.