GM to increase electric vehicle investment to $35B through 2025

Before the pandemic, GM announced an initial $20 billion investment in electric and autonomous vehicles.

General Motors has announced it will increase its investment into electric and autonomous vehicles to $35 billion through 2025. "We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future," Mary Barra, GM chair and CEO, said in a press release. Before the pandemic, GM announced an initial $20 billion investment in electric and autonomous vehicles. GM said the investment will accelerate the company’s Ultium battery production in the United States, with plans to build two new manufacturing plants for the electric batteries by mid-decade.