GM and Ford Announce Plans to Expand Lineup of Electric Models

By Paul Riegler on 4 October 2017
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Chevrolet Bolt electric vehicle

General Motors announced plans on Monday for 20 all-new all-electric vehicles. The automaker said it would introduce all 20 by 2023, including two within the next 18 months.

The General’s move was followed by an announcement by Ford, which said it would add 13 electrified models by the end of the decade. The Dearborn-based automaker plans to make a five-year investment of $4.5 billion in this endeavor.

“General Motors believes in an all-electric future,” said Mark L. Reuss, who serves as GM’s global product chief. “Although that future won’t happen overnight, G.M. is committed to driving increased usage and acceptance of electric vehicles.”

The news comes despite the fact that electric and plug-in hybrid vehicles only comprise 1% of the U.S. market at the current time. The announcements follow similar ones from Volkswagen earlier in the year calling for it to produce one million electric vehicles a year by 2025, a number similar to what Tesla is projecting for its own sales. In July, Volvo announced plans to offer an electric power train on all of its models by 2019 and said will phase out conventionally-powered vehicles.

(Photo: Accura Media Group)