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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.,

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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.

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2025-2035: Rewriting The Automotive History

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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. Finally, there are BEVs which are entirely run on battery alone and have no relationship with a gasoline engine. Stages in Electrification.