What merely happened? General Motors has said information technology will pump even more money into electric and autonomous vehicle research than previously planned. The automaker now expects to pour $35 billion into its EV and AV programs through 2025, a 75 percent increase from the initial $xx billion delivery made in March 2022 in the very early on days of the pandemic.

Terminal November, GM upped its planned investment to $27 billion.

It's all in an endeavor to become the market leader in EVs in N America, a global leader in battery and fuel jail cell tech and the commencement to safely commercialize cocky-driving tech at calibration.

Specifically, GM will apply the coin to accelerate plans to build two battery cell manufacturing facilities in the U.s.a.. They've also signed an agreement with Wabtec Corporation to help develop the globe'southward kickoff battery-powered locomotive.

GM cited a strong public reaction to its new Hummer EV, which enters production this yr. Rival Ford has also fielded lots of involvement from its recently announced F-150 Lightning.

GM CEO Mary Barra said the company aims to sell more than a million EVs annually by 2025. To help put that number into perspective, Tesla in the first quarter of this year delivered well-nigh 185,000 vehicles. That's not an apples to apples comparison, mind you lot, but information technology does assistance to highlight where 1 market leader currently stands versus where GM hopes to exist past the end of 2025.