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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. 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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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 Chair and CEO Mary Barra. GM expects the second half of 2021 will continue to be complex and fluid.

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

EV Adoption

” The Honda and Acura EVs will be manufactured at GM plants in North America. ” The Honda and Acura EVs will be manufactured at GM plants in North America. Sales are expected to begin in the 2024 model year in Honda’s United States and Canadian markets. Two Navistar fuel cell-powered long-haul trucks.

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2025-2035: Rewriting The Automotive History

Get Electric Vehicle

Also, Global EV sales quadrupled in 2019, while sales in the United States established new highs. But now we are going to replace the engine altogether with more efficient electric motors and that is going to be a game-changer. By 2030, the company said approximately half its global sales will be battery cars.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The as-of-yet unnamed truck will be offered in dual- or rear-motor configurations, with output ranging up to 600 horsepower and 550 pound-feet of torque. Honda of America sales chief Dave Gardner told reporters one of the electric SUVs will be from the Honda brand, while the other will be an Acura. Batteries and Charging.

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