Tara Olivo, Associate Editor12.11.20
Consumer interest in electronic vehicles continues to grow. In a 2019 survey of U.S. consumers, the nonprofit consumer advocacy group Consumer Reports found that Americans overwhelmingly want to see more electric cars available to buy and believe that electric vehicles (EVs) have real benefits, such as a reduction in oil use, a reduction in pollution and financial savings on fuel and maintenance. According to the survey, 72% of respondents said automakers should provide more kinds of electric vehicles, including SUVs, pickup trucks and minivans.
Automakers are heeding the call. While Telsa has dominated the market for EVs, General Motors, maker of the GMC, Cadillac and Chevrolet brands, is playing catch up. Last month, the company’s chairman and CEO Mary Barra revealed that it would offer 30 all-electric models globally by 2025. Forty percent 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 autonomous vehicles (AVs) to $27 billion through 2025 – up from the $20 billion planned before the onset of the Covid-19 pandemic.
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Automakers are heeding the call. While Telsa has dominated the market for EVs, General Motors, maker of the GMC, Cadillac and Chevrolet brands, is playing catch up. Last month, the company’s chairman and CEO Mary Barra revealed that it would offer 30 all-electric models globally by 2025. Forty percent 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 autonomous vehicles (AVs) to $27 billion through 2025 – up from the $20 billion planned before the onset of the Covid-19 pandemic.
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