- Canadian Auto World - http://www.canadianautoworld.ca -

GM Boosts Investment, Grows Electric Portfolio to Lead in EV Race

General Motors chairman and CEO Mary Barra revealed that the company will offer 30 all-electric models globally by mid-decade. Forty per cent of the company’s U.S. entries will be battery electric vehicles by the end of 2025. Barra also announced an increase in GM’s financial commitment to EVs and AVs today to US$27 billion through 2025 – up from the US$20 billion planned before the onset of the COVID-19 pandemic.

“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” said Barra. “We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth. We can accelerate our EV plans because we are rapidly building a competitive advantage in batteries, software, vehicle integration, manufacturing and customer experience.”

At the virtual Barclays Global Automotive Conference [1], Barra and Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain, will share key elements of GM’s plan, including: