Automotive

GM increasing spending to make 40% of its cars electric by 2025

  • Last Updated:
  • Nov 30th, 2020 6:46 am
Deal Fanatic
Dec 20, 2018
9882 posts
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GM increasing spending to make 40% of its cars electric by 2025

https://www.cnn.com/2020/11/19/business ... index.html

GM is spending 27B to accelerate it's EV push to catch up in the EV race
General Motors is increasing its spending on electric vehicles, planning more electric cars, trucks and SUVs than previously announced and that it will produce many of them sooner than originally planned, the company announced Thursday. One of the company's goals to become the market share leader in electric vehicles in North America, GM CEO Mary Barra said,

"We are resolved as a management team to move even faster to expedite the transition to EVs," Barra said in a statement.

GM had previously said it would commit $20 billion to the development of electric and fully autonomous vehicles over the next five years. The automaker announced that's being increased to $27 billion through 2025.
7 replies
Deal Fanatic
Jan 8, 2009
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Tesla S&P 500 panic.
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May 10, 2005
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Ottawa
I guess GM is hoping city folk are gonna buy electric cars.
Lots of infrastructure updates and upgrades need to be made in the cities as well as in homes as well as electrical grid upgrades.
The most successful people are successful because they do not care about others’ opinions about them.
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May 22, 2005
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As someone who used to work with GM and their very talented engineers, I just hope higher management actually listens to the engineers and developers and not half ass every one of their decisions. So many talented people (especially in their Markham tech HQ) working hard on new tech and ideas that ends up being scrapped or ignored.
Deal Addict
Jan 17, 2009
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Toronto, Ontario
Let's see what they actually end up doing.
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May 10, 2005
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coriolis wrote: As someone who used to work with GM and their very talented engineers, I just hope higher management actually listens to the engineers and developers and not half ass every one of their decisions. So many talented people (especially in their Markham tech HQ) working hard on new tech and ideas that ends up being scrapped or ignored.[/b]
All to give you a cheaper car.....
It is not per unit cost anymore, it is overall cost to the production... A $2 addition to a car can be millions for the production line so, it is cancelled.
Engineers and designers often do not take cost into consideration (in all things, home design and renos as well) and reality is, cost is everything.
The most successful people are successful because they do not care about others’ opinions about them.

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