Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) - EVs Are Growing In All Directions
Share: Traditional automakers are transforming their business models to adapt to an all-electric future. General Motors Company (NYSE: GM) increased its investment to have a zero tailpipe emission line-up by 2035 with plans to invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. Ford Motor Company (NYSE: F) will be more than doubling its EV investment by 2025 with $22 billion designated for electric vehicles and $7 billion for autonomous vehicles. The biggest obstacle to electric cars was that they cost much more to build than conventional models. Howe...
Source: benzinga.com