General Motors is shifting its North American vehicle strategy, planning to bring back plug-in hybrid models after years of prioritizing an all-electric future. The move comes as demand for battery-electric vehicles cools and consumer interest in hybrids rises, amid factors including higher gasoline prices.
CEO Mary Barra said during a recent earnings call that GM will add hybrids to several key segments without additional capital spending. She did not disclose specific models or an exact timeline.
Reports indicate the company plans hybrid versions of popular three-row SUVs, including the Chevrolet Traverse, Buick Enclave and GMC Acadia. The first new hybrid models are expected around 2027.