Add to Watchlist It’s been a strong year for General Motors, both for its internal combustion engine (ICE) vehicles and its EV platform. In fact, the company is now the number two manufacturer of electric vehicles in the United States, with sales up 43% in the past quarter, outpacing the industry’s 11%. GM continues to make significant investments in its Ultium EV platform, including software and autonomous driving technology. But it’s the company’s strategic pivot that’s worth watching. Acknowledging that mass EV adoption will take longer than expected, the company has aggressive plans to reintroduce plug-in hybrid models in 2027, specifically for its Chevy Silverado and GMC Sierra. The company sees this as a way to continue capturing market share in the truck and SUV category, where strong demand still exists. At $61 as of this writing, GM stock is trading near the consensus analyst forecast and its 52-week high. However, analysts have been raising their price targets, including UBS Group, which raised its target from $56 to $81 on Sept. 24. Plus, trading at under 6x forward earnings, the stock offers an attractive valuation at a time when many stocks are expensive. Ford Expands Hybrid Lineup While Managing EV Pace Ford Motor Today