General Motors CEO Mary Barra announced at the CES 2022 event that the American automaker will be making electric versions of its Chevy Equinox and Blazer SUVs. The company already makes the Chevy Bolt EV, EUV, Hummer EV Pickup and SUV.

She suggests that the price of the Chevy Equinox EV might start at $30,000 to speed up Americans adoption of electric cars. While fossil use cars are still cheaper than their electric counterparts, prices for EVs have been falling until last year.

The rising global chip shortage, supply issues and battery costs have dented the gains made by electric vehicles in the past decade. Even the federal and state electric vehicle incentives are dwindling down, making electric vehicle purchase an eyesore.

General Motors is looking to be the biggest auto manufacturers of electric cars in the United States. The company plans to steal the crown from Tesla, which recently delivered close to a million vehicles in 2021.

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General Motors will be building a cathode plant in North America for its electric vehicles. The cathode is one of the main materials used in building electric batteries, close to 40 percent of the cost of the battery.

The automaker will not be doing this alone, it is partnering with South Korea’s Posco Chemical to build this Cathode plant. The company also made plans to spend $35 billion on the development and manufacturing of 30 electric vehicles by 2025.

Its new factories and plants will accelerate the automaker supply chain of Electric battery production. This will also boost General Motors EV offerings in the nearest future.

Electric vehicles are a cheaper mode of transportation in the long run and also with lower costs of maintenance. All car manufacturers will have to commit to producing more electric vehicles to reduce global carbon emissions.

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