As General Motors settles into its new Detroit headquarters, the automotive industry is facing challenging times as it contends with rising costs, shifting tariff policies and a fledgling electric vehicle market. GM CEO Mary Barra tells CBS News that, despite those challenges, "I think we're on a good path" and she is optimistic about the future of her company and the U.S. economy.
The market for electric vehicles hasn't quite taken off in the U.S. just yet. Barra told "CBS Evening News" anchor Tony Dokoupil Tuesday that GM is "still committed" to EVs, but thinks a major issue is that the industry was "getting a little ahead of the consumer."
"A vehicle is such a big purchase for a consumer," she said. "For many of them, it's the most expensive thing that they buy."
"I think we're on a good path. I think as there's more charging infrastructure, as we continue to get the cost of batteries down, I think consumers will pick an electric vehicle, because they're better," Barra predicted.
Asked why the U.S. seems to be unable to compete with China in terms of making affordable electric vehicles, Barra said, "I believe at GM we are."
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