article thumbnail

GM to boost EV and AV investments 75% to $35B through 2025; new battery plants

Green Car Congress

General Motors will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75% increase from its initial commitment announced prior to the pandemic. In November 2020, the company increased its planned investment over the same period to $27 billion. Separately, GM will supply HYDROTEC to Navistar, Inc.,

GM 186
article thumbnail

General Motors increases EV investment by 75% through 2025

Teslarati

” GM announced a while back in March 2020 that it would commit $20 billion to EV and AV programs from 2020 to 2025. which is developing hydrogen-powered heavy trucks to launch in 2024, and Liebherr-Aerospace, which is developing hydrogen-powered auxiliary power units for aircraft.

article thumbnail

What Does GM’s “30 New EVs By 2025” Promise Mean for the US Market?

EV Adoption

since the 2020 low on March 18 (as of February 5). On January 28 GM announced that it plans (aspires) to exclusively offer electric vehicles by 2035, ending production of its cars, trucks and SUVs with diesel- and gasoline-powered engines. ” The Honda and Acura EVs will be manufactured at GM plants in North America.

GM 116
article thumbnail

2025-2035: Rewriting The Automotive History

Get Electric Vehicle

A hybrid vehicle runs on gasoline plus a little amount of electricity; the battery powers the car for a few miles and then recharges as it slows down or descends. By 2030, the company said approximately half its global sales will be battery cars. The XC40 Recharge, Volvo’s first all-electric vehicle, was released in 2020.