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General Motors increases EV investment by 75% through 2025

Teslarati

General Motors has increased its electric vehicle investment by 75%, from $20 billion to $35 billion through 2025, the company announced on Wednesday. GM also plans to roll out the Cadillac LYRIQ and the Chevrolet Silverado electric pickup in the coming years. “We Separately, GM will supply HYDROTEC to Navistar, Inc.

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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. GM will launch its third-generation HYDROTEC fuel cells with even greater power density and lower costs by mid-decade. —GM Chair and CEO Mary Barra.

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2025-2035: Rewriting The Automotive History

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But now we are going to replace the engine altogether with more efficient electric motors and that is going to be a game-changer. According to the research, dropping battery prices will drive and accelerate this shift, allowing EVs to attain price parity with internal-combustion automobiles and market supremacy by 2035. General Motors.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

" In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. GM will leapfrog Toyota and Honda by providing an electric car to the masses by the end of next year. General Motors has sought $10.3 Wired Home Subscribe Sections Cars 2.0 "The Volt is a case study.

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