07:22 AM EDT, 07/16/2024 (MT Newswires) -- General Motors' ( GM ) goal of producing 1 million all-electric vehicles in North America by the end of 2025 appears increasingly uncertain, CNBC reported late Monday, citing comments by CEO Mary Barra.

"We won't get to a million just because the market is not developing, but it will get there," Barra told CNBC, adding, "We're going to be guided by the customer."

GM aimed to achieve a production capacity of 1 million EVs in China and North America by 2025 but has since adjusted its expectations due to slower-than-anticipated market demand for electric vehicles.

A GM spokesperson clarified to CNBC that the company's target was production capacity, while the question was whether the company would actually produce 1 million EVs in 2025.

GM would no longer emphasize the specific EV production capacity targets for 2025, underscoring the company's strategy to remain adaptable in a fluctuating market, GM spokesperson added, according to CNBC.

General Motors ( GM ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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