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GM Details Plan to Double its Revenue , Drive Even Higher Margins Wed , October 6 , 2021 WARREN , Mich . , Oct. 6 , 2021 / PRNewswire / -- Unlocking growth in EVs through the Ultium hardware platform and leadership in software and services through the Ultifi platform Planning to double annual revenues and expand EBIT - adjusted margins to 12 to 14 percent • Leading the race to commercialize AVS Launching new businesses to add customers and diversify revenues Increasing investment in EV charging General Motors Co. ( NYSE : GM ) today provided a detailed roadmap of how the company plans to double its annual revenue and expand margins to 12 to 14 percent by 2030 , as a result of GM's transformation into a growth company driven by EVs , connected services and new businesses . " GM has changed the world before and we're doing it again , " said GM Chair and CEO Mary Barra . " We have multiple drivers of long - term growth and I've never been more confident or excited about the opportunities ahead . " GM concluded the first of two days of investor meetings by sharing its growth plans . Leaders - many of whom recently joined GM from other companies - detailed how GM's compelling hardware and software platforms will combine to create growth , expand margins , add customers and diversify revenues . " GM is unlocking a secular growth story that is changing the trajectory of our business , " said Paul Jacobson , executive vice president and chief financial officer . " Simply stated , we are at an inflection point in which we expect revenue to double by 2030 while also expanding our margins . We will achieve this by growing our core business of designing , building , and selling world - class ICE , electric and autonomous vehicles , growing software and services with high margins and entering and commercializing new businesses . " According to Jacobson , GM's financial targets include :