fb-pixel GM Shares Hit Record High As Automaker Reveals Electric Van And Delves Into Flying Cars - Speed Society
Shop All

GM Shares Hit Record High As Automaker Reveals Electric Van And Delves Into Flying Cars

While we all have our different opinions on the automotive community, one thing seems to be a given in this day and age. In the 2020s, we’re going to see a lot of changes. Needless to say, innovation has been coming along more and more quickly recently. It seems as if 2021 is going to be a pivotal year for the future of transportation as we know it.

The movement toward electric has obviously been kicked off by Tesla in a big way. However, 2021 is going to be the year where we see a lot of the big competitors in the auto industry jump on board as well. No matter what nameplate we speak on, there is an electric car in the works or plans of one in the future. One of America’s oldest automakers in General Motors is certainly no exclusion.

Tuesday, General Motors actually ended up making waves in the stock market. The stock rose almost 9% to $48.95 per share. This would mark a record high for the automaker as investors attempt to figure out who is going to come out smelling like roses when the sun sets on the first wave of new electric vehicles for 2021.

The bump in share price came when the company announced that it was going to unveil a new electric van and more interestingly, the prospect of potentially diving into flying cars in the future. In fact, GM says that they already have these flying vehicles designed.

CEO Mary Barra would head to CNBC to fill us in on the plan. The van dubbed the “EV600,” is slated to be available later on this year. It seems like automakers are making an effort to fill the void in the EV market when it comes to commercial vehicles. This comes as a part of a lineup that is said to reach 30 electric vehicles by 2025, an ambitious goal, for sure.

Perhaps the more mindblowing part of the news today is that GM is looking into “Personal air mobility” with the Cadillac line. This includes what CNBC says is an autonomous shuttle and electric vertical takeoff and landing aircraft aka a “Flying car” or “Flying taxi.” With the concept, we’re promised a one passenger drone that’s capable of 56 mph.