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GM Plans 20 New EVs on Path to 'All-Electric Future'
03 October 2017, 08:06 | Vickie Mathis
Enlarge ImageGM showed media three of the concepts under those sheets but won't share them with you... General Motors
There have been a lot of new pushes to take the electric cars to the next level. We can all be pretty sure that electric vehicles will be a significant part of whatever Hackett has to say, but Ford's problem is that, unlike GM, it needs to show a commitment to a new and rapidly evolving industry with some concrete idea of where it stands and where it's going.
Reuss said that achieving a zero-emissions future would require more than battery technology, and stressed that GM is also moving forward with hydrogen fuel-cell equipment that can generate electric power.
Automakers, including electric vehicle market leader Tesla Inc, lose money on electric cars because battery costs are still higher than comparable internal combustion engines.
GM has a short-term plan to introduce two all-electric vehicle in the next year and a half. "Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles".
The news helped push GM's stock up 4.4 percent to a record closing price of $42.16 on Monday, besting the old high of $40.99 set on December 20, 2013. GM envisions SURUS as a delivery vehicle, truck or ambulance.
NEW DELHI, India: India will roll out almost 100,000 battery-powered buses and autorickshaws onto its sulphurous city streets in the coming weeks. These initiatives have been prompted by tightening emissions regulations in Europe and China, the ongoing buildout of recharging infrastructure, and - to some extent - the continued success of Tesla (NASDAQ: TSLA).
General Motors plans to go 100 percent electric, the Detroit automaker announced Monday. Now that it has digested the market's reaction to the Bolt - and now that its rivals are starting to make big promises - GM apparently felt that it was time to make its plans a little clearer.
Electric vehicles are expensive. The cars, priced at almost $15,500, are the first attempt by the Indian government to replace its half-a-million fleet of diesel and petrol cars - used by hhigh-rankinggovernment employees - with electric vehicles.
GM's Brownstown Battery Assembly plant south of Detroit is to begin producing a fuel cell system through a previously announced joint venture with Honda Motor Co.in 2020. The Motley Fool has no position in any of the stocks mentioned.
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