GM boosts spending on electric vehicles to $35 billion by 2025

That represents a 75% increase since March, 2020. At that time, GM had said it would spend $20 billion on electric vehicles in that timeframe — an amount that was later increased to $27 billion, and has now been increased again.GM had also previously announced that it hoped to produce nothing but zero-emission vehicles, including electric and hydrogen fuel-cell vehicles, by 2035. With this new funding announcement, GM also said it will add fully electric commercial trucks to its future vehicle plans as well. The automaker will also add more manufacturing capacity for electric SUVs. This is in addition to GM’s recently remodeled Factory Zero, near the automaker’s Detroit

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