GM to Invest Over $2 Billion to Increase Electric Vehicle Production in USA
It’s hard to deny that conventional gas cars are on their way out, even if it takes a few decades. As the electric vehicle (EV) market is just beginning to take shape, some gas vehicle makers are figuring out how to shift efforts in the direction of EVs.
On Tuesday, automobile manufacturing giant General Motors (GM) announced a plan to invest $2.2 billion (USD) into US manufacturing to drive the production of EVs, as reported by CNBC.
GM has said in the past that it plans to invest over $4.5 billion (USD) in three of its US manufacturing plants in order to shift to EV production. The shift is part of a larger, “triple zero” goal set forth by CEO Mary Barra, in which the company seeks zero crashes, zero emissions, and zero congestion.
— GMC Canada (@GMCcanada) October 16, 2020
The Detroit auto company now also plans to unveil at least 20 new EVs globally by 2023, some of which will be announced Tuesday night, including the anticipated GMC Hummer EV.
In a statement, Barra said, “We are committed to investing in the U.S., our employees and our communities.” She continued, “These investments underscore the success of our vehicles today, and our vision of an all-electric future.”
While a zero-emission, zero-waste future can’t come soon enough, we can certainly hope that it is soon enough for conventional gas auto brands to survive a shift towards EVs. As the old adage goes, “better late than never.”