General Motors’ electric vehicle plan just got even more expensive

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

General Motors announced that it would increase its investment in electric and autonomous vehicles to $35 billion through 2025. The new figure represents a 30 percent increase over the amount the automaker said it would spend last November, and a 75 percent increase from its initial investment prior to the pandemic.

It’s a staggering amount of money to be spent on what is arguably still a small percentage of the overall car market. Despite rapid growth in sales over the past few years, EVs are still a niche product, making up just 2 percent of the new car market and 1 percent of all cars, SUVs, vans, and pickup trucks on the road.

That said, sales are expected to pick up in the next few years, depending on new incentives and...

Continue reading…

More To Explore

Review: Razer Enki Gaming Chair

Gaming brand Razer has just announced its second gaming chair, the Razer Enki. After almost a year since introducing their Iskur, the company is expanding the lineup. Chances are, most gamers are already using some kind of Razer product on their desk, …

PUBG: New State arrives on iOS and Android on November 11th

Image: Krafton

PUBG: New State, the upcoming free-to-play mobile game, will release on iOS and Android on November 11th, its publisher Krafton announced today. The game is set in the year 2051, and will offer a futuristi…

Ready to take the plunge into the online world?

drop us a line and keep in touch