Say goodbye to "reasonably priced" EV's from GM...
Given this part of the article:
This week, GM said Cadillac sales in China rose 17.2 percent in 2018, surpassing 200,000 units for the first time. GM Chief Executive Mary Barra has said that GM aims to sell 1 million electric vehicles a year by 2026, many of them in China, which has set strict production quotas on such vehicles.
... I have a feeling that's the aim rather than the US. China not only buys more cars than anyone in the world, but they are pretty much mandating the whole country convert to EVs in the near future unlike the US.
I can see a premium brand like a Caddy EV selling and definitely rivaling Tesla over there, just as Chinese preferred Buicks which are also probably going to be sold in EV form over there as well.
With good profit margins vs costs on luxury EVs, GM will do well importing there. The Chinese will then be allowed due to trade agreements (bye Trump!) to sell much cheaper EVs here to the masses... introducing younger, less wealthier people to EVs for the first time. GM will see the demand and then begin to produce those cheaper EVs nationally.
I think the Bolt didn't catch on simply because there's no reason for people to change here and no real incentive, unlike China which will probably have some kind of laws shortly.