Accelerating an Inclusive All-Electric Future Climate change needs to be addressed, and we want to be part of the solution by putting everyone in an EV. We accelerated our plans to transition to an all-electric future in 2021 when we announced increased investments in EV and autonomous vehicle (AV) development to more than $35 billion from 2020 through 2025 from our initial target of $20 billion. We also announced plans to introduce more than 30 EVs globally by the end of 2025, with more than two-thirds of these available in North America. These introductions, along with additional EVs being planned, should position us to have EVs represent 40% to 50% of annual U.S. sales volume by 2030. To reach this upper range, we will continue to work with federal, state and local governments for implementation of supportive policies to move the United States closer to carbon neutrality consistent with the goals of the Paris Agreement. In China, the world’s largest EV market, we will accelerate electrification through a plan in which 40% of new vehicles introduced through the end of 2025 will be EVs. This will build on our current market momentum in China. Based on our planned cadence of EV introductions, by the end of 2025, GM will have more than 1 million units of EV capacity in North America. This is in addition to more than 1 million units of EV capacity in China over the same time frame. Our EV portfolio is planned to be among the broadest in the industry with entries from affordable, high-volume market segments to top-of-the-line models and everything in between. The new all-electric GMC HUMMER EV and upcoming Cadillac LYRIQ , Chevrolet Silverado EV and Chevrolet Equinox EV feature the company’s Ultium platform, a combined EV architecture and propulsion system, which enables EVs at scale, across a broad set of lifestyles and price points. EVGRO is our dedicated team leading efforts to drive mass consumer adoption of EVs. This team combines startup agility with the broad strength of GM to minimize complexity and turn quick decisions into actionable programs across the enterprise, while leveraging cross-functional expertise and creativity. With projects spanning the EV ecosystem—from EV shopping to charging solutions—the team is working to reimagine the end-to-end customer experience by leveraging a broad array of collaborations and partnerships, including our dealer network, which represents a key competitive advantage. How We’re Driving EV Adoption The company’s Ultium platform, a combined EV architecture and propulsion system, enables EVs at scale, across a broad set of lifestyles and price points. EV education and engagement programs to maximize the ownership experience. A product lineup that complements a broad set of services to support residential and commercial energy options. Innovative energy solutions. Investments and collaborations in public and community charging networks. Reimagined service convenience. Creating a world-class digital retail experience. Connected services for a reimagined ownership experience, centered around the myBrand mobile app 2 . Turnkey services, such as home and fleet charging solutions. The Wuling Hong Guang MINIEV has been #1 in sales in the world’s largest new energy vehicle (NEV) market for 16 consecutive months from its launch in July 2020 to December 2021. The model also was the best-selling NEV model in the entire world for five months during 2021. 1 1 A ccording to EV Sales a market research organization. 2 A vailable on select Apple and Android devices. Service availability, features and functionality vary by vehicle, device and the plan you are enrolled in. User terms apply. 2023 Cadillac LYRIQ Debut Edition available Summer 2022, by reservation only. Additional LYRIQ models available starting Fall 2022. See dealer for details. Skip Navigation Introduction Reducing Emissions Design for Environment Technology Customers Safety Diverse Workforce Human Rights Supply Chain Communities Governance 2021 SUSTAINABILITY REPORT 16