Auto Analysts Warns GM Could Lose Market Share In EV Battle

(Detroit, MI) -- Bank of America analysts are warning that General Motors could lose market share to foreign automakers if they stick with their plan to only produce electric vehicles by 2030.  

The "Detroit News" reports GM is betting that as they build higher cost but low volume electric vehicles, they will show investors the future of the auto business.  

GM is planning to replace over half of their current lineup with new all electric vehicles over the next four years, while Japanese competitors Honda and Toyota will reportedly end production of gas powered vehicles.  

Industry watchers say that may give the foreign automakers the upper hand in attracting customers and market share.