More Investments, More Competition!

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Over the course of the past month, the automobile industry has experienced a major increase in investment into EV charging by established EV brands. Just recently, GM announced their intention to invest more than 2$ billion into US manufacturing in order to increase their overall electric vehicle production. This move exhibits GM’s intent to dip their toe into EV production for high-end vehicles in the luxury market. The move will also put them in direct competition with Tesla, a luxury EV powerhouse.

GM to invest more than $2 billion in U.S. manufacturing to increase electric vehicle production