General Motors CEO Mary Barra believes the automaker's stock has a long runway ahead of it as the automaker pivots to focus on all-electric vehicles.

After a decade of lackluster growth in the automaker's stock, shares of GM are up 36% this year following a slew of new product announcements, including plans to sell auto insurance and to shift its entire lineup to EVs by 2035. Barra expects that upward trend to continue.

"I think as the market begins to see all of the assets and resources General Motors brings to this transformation, I think we're just at the beginning of where you'll see GM's stock move," she said during an online discussion Thursday for The Economic Club of New York's Women in Business event.

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