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> * Full transition to electric is at least 10 years away. This is the right time to make a 10yr investment. Wouldn’t that mean they need to invest in electric
by pupppet 4y ago
> * Full transition to electric is at least 10 years away. This is the right time to make a 10yr investment.
Wouldn’t that mean they need to invest in electric now so they have something ready in 10 years?
- Rebelgecko 4y agoI don't think those goals are mutually exclusive
- pupppet 4y agoExcept with a billion investment in the V8 and 64 million in EVs, GM has decided they are.
- htag 4y ago$64million new investments in EVs were announced on Friday along with the V8 investment. This is in line with GM's stated goal of being all electric by 2035, and their lineup of EVs planned to be sold in 2023 is actually fantastic. Their Bolt and Equionix both offer great value propositions compared to anything on the market. We can't go full electric tomorrow, we don't have the production or the infrastructure. This is a ten year investment, on what might be the last generation of mass manufactured V8 engines.