General Motors invests in electric vehicles and sets up hefty goals.
Dec. 14, 2020—General Motors sets its sights on a lofty goal: 30 new electric vehicles in the next five years.
According to the Detroit Free Press, Mary Barra, CEO of General Motors, said 40 percent of the vehicles offered by GM in the U.S. will be battery electric vehicles by the end of 2025.
Before the onset of COVID-19, GM committed to investing $20 billion to electric vehicles and self-driving cars, now the investment has been increased to $27 billion.
General Motors has also been moving up the release dates for upcoming models like the Hummer EV and Cadillac LYRIQ, though no dates have been solidified.
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