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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. The plan is to eventually transition its entire fleet of vehicles to be fully electric, but the company doesn’t plan to accomplish this until 2035.

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GM unveils the Chevrolet Silverado EV, coming in 2024

Teslarati

Chevrolet, a General Motors brand, unveiled the 2024 Chevrolet Silverado EV today, the all-electric version of the automaker’s best-selling pickup truck. The Silverado EV could be considered an answer to Ford’s F-150 Lightning, Tesla’s Cybertruck, Rivian’s R1T, or even GMC’s Hummer EV.

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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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Analysis: What’s the Best Way to Market EVs?

Clean Fleet Report

But the battery-powered two-wheelers get separate showrooms, sales methodologies and marketing programs aimed at different target audience. GM is bringing back the Hummer brand as an EV within the GMC brand. This behemoth will be super powerful and long range–and will be expensive too. I’m hoping for the latter.

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

EV Adoption

In GM teaser videos we saw hints of future electric GMC and Chevrolet pickups and what clearly looks like a Camaro. And secondly, on the truck front, GM faces significant competition with the upcoming Tesla Cybertruck, Rivian R1T, Ford F-150 and Lordstown Endurance in the fleet market. Mary Barra, CEO – General Motors.

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Plug-ins to play part in GM future

Green Cars News

In an online blog, General Motors’ (GM) vice chairman Tom Stephens stated that the company will apply plug-in hybrid technology to one of its four core brands followings its’ restructuring. The company will be divided into Chevrolet, Cadillac, GMC and Buick following the decision to close Pontiac and sell Saturn.

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