General Motors relies on crude-oil profits to fund $20 billion EVs - Business Insider

, with GM no different than any of its rivals.

It would be a mistake to think that the company's new focus on electric vehicles is part of an overall strategy to shift the company away from a reliance on fossil fuels. In fact, like Ford and Fiat-Chrysler, General Motors has followed its corporate colleagues in the exact opposite direction,In 2019, General Motors sold just over 2.8 million vehicles in the United States., with a fairly even split right down the middle between people movers and pickups.

An overall strategy aimed at reducing the effects of fossil fuel consumption on global warming and resource depletion would take the form of a cohesive hybrid, battery-electric, and fuel-efficient sedan and hatchback lineup. Instead, GM has doubled down on its most egregious environmental offenders in a parallel program to its EV efforts.General Motors has placed itself at a crossroads.

At the same time, GM's brain trust isn't going to turn its back on the lucrative advantage it enjoys in America's most popular vehicle segments. With few other options as automakers the world over squeeze sedans from the showrooms, buyers are turning in droves to trucks and SUVs, and General Motors wants and needs every last dollar it can get before the music stops and the lights go out on the sport-utility party.

How can we be so sure? Because this has all happened before. The Chevrolet Volt mentioned above was intended to be the tip of the electrification spear

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