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Auto industry analysts are predicting that GM could lose market share while it makes its transition to EVs.

According to The Detroit News, GM is only planning to replace 65% of its current lineup with a new or updated model over the new few years. With a lot of resources focused on the likes of the Cadillac Lyriq and the Hummer.

“The very active shift GM is making shows the confidence that they have to move where the market is going,” said BofA analyst John Murphy on a conference call with The Detroit News. “It may result in lost market share.”

Sam Abuelsamid, an analyst at Guidehouse Insights, said similar things when speaking with The Detroit Free Press.

“There’s certainly a risk of losing some market share and not necessarily growing quite as fast as the rest of the industry, as we hopefully head into a recovery over the next two to three years," said Sam Abuelsamid, principal analyst at Guidehouse Insights in Detroit. "GM has put a lot of resources into electric powertrains and vehicles that use those. That means they’ve taken away some of the resources from traditional products."

For example, GM has sold 450,000 Chevrolet Equinox and GMC Terrian SUVs combined last year. But GM will not offer hybrid versions of those vehicles despite competitors getting big sales from their versions, Abuelsamid said.

"Toyota RAV4 hybrid was their bestselling hybrid," Abuelsamid said. "So there’s a lot of electrification going on in the crossover area that GM is not pursuing."
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