General Motors announces increased investment in electric vehicles
General Motors (GM) announced plans this week to invest $27 billion on electric and autonomous vehicles through 2025, $7 billion more than the amount they promised before the COVID-19 pandemic.
Additionally, GM will launch 30 electric vehicle models by 2025 around the world, with over two thirds available in North America.
These, among other electric vehicle investments, represent a shift in General Motors toward an entirely electric vehicle portfolio. GM CEO Mary Barra stated that “[GM] can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.”
Read the General Motors press release here.
Madi Hawkins serves as a Legislative Analyst in the Automotive Service Association’s Washington, D.C. office. She is a graduate of Vanderbilt University with a major in Public Policy Studies. Madi is originally from Austin, Texas, where she was born and raised, but now resides in Washington, D.C.