through mid-decade by about one-third, to $30 billion by 2025. That sum includes some money spent in recent years. Ford also said Wednesday that it expects half of vehicle sales from its luxury Lincoln brand to be fully electric within four years.In the past year, the amount of planned spending by car companies on electric vehicles has surged 41%, according to consulting firm AlixPartners LLP.
“The investment has reached an inflection point,” said Mark Wakefield, co-leader of AlixPartners’ automotive practice. The spending increase coincides with President Biden’s push for federal investment in battery manufacturing and charging stations to support U.S. electric-vehicle production. The administration
Has GM quality improved. Haven’t bought a GM car in over 20 years. Swore I would never buy GM again.
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