General Motors CEO called Musk: The future electric market will change, or mainly hydrogen fuel cell vehicles

General Motors CEO Mary Barra has said that all cars will be zero-emission within 25 years, a change from the electric vehicles that Tesla currently dominates sales. The future will be either electric cars or hydrogen fuel cell cars.

Barra believes that the car in 25 years will either be electric or hydrogen fuel cell. "But it will be zero emissions." She told David Rubenstein in an interview at the Economic Club of Washington, D.C.

"Gm has always taken electric vehicles seriously and even had the 'EV1' more than 20 years ago." Barra said he was referring to the electric cars the company produced in the late '90s.

Referring to the current electric car market, where Elon Musk's Tesla dominates sales, Barra said: "I do have to give Tesla a lot of credit because I think they've kept the promise and they've had to work hard to achieve scale and growth." I think they really helped the electric vehicle market. I think there are a lot of Oems competing with Tesla right now, so I think the future is going to change that.

Gm became the top seller of vehicles in the United States in the third quarter, with the company and its dealers delivering 674,336 vehicles in the United States, up 21 percent from a year earlier, thanks to strong demand for trucks and SUVs. However, electric vehicles only account for about 20,000 of these.

Meanwhile, Tesla sold more than 435,000 electric vehicles worldwide in the third quarter. The company does not provide a geographic breakdown of its deliveries, so it is difficult to determine how much has been sold in states alone.

Gm's third-quarter revenue was $44.1 billion, and net income attributable to shareholders was $3.1 billion. However, during the company's third-quarter earnings call, GM pulled back on its electric vehicle production targets. This includes both the 100,000 electric vehicle target set by the company for the second half of this year and the 400,000 cumulative target set by the company for 2022 to the first half of 2024. The company did not provide a new target.