DETROIT — General Motors was already committed to an all-electric future. Now the automaker is accelerating its electrification strategy with an even heftier investment and a more aggressive launch timeline.
GM is pulling ahead a dozen EV launches and boosting its electric and autonomous vehicle budget by 35 percent, to $27 billion through 2025, the automaker said last week. GM projects that 40 percent of its U.S. lineup will be electric by 2025.
"EVs are a cornerstone of our growth strategy," CEO Mary Barra said during a Barclays conference last week. "We have everything in place to drive mass adoption of EVs and make zero emissions a reality."