General Motors Investing $20B In Electric And Autonomous Vehicle Programs Between 2020 and 2025

General Motors has announced it will allocate $20 billion between 2020 and 2025 to expand and continue the development of its various autonomous and electric vehicle programs.

The automaker announced the future investment Wednesday as part of its Q2 2020 earnings report, in which it reported a loss of $806 million due largely in part to the COVID-19 pandemic. GM already said previously that it would introduce 20 new electric vehicles globally before the end of 2023, but with that deadline quickly approaching, it is beginning to look even further ahead into the future with regard to its electric and autonomous product offerings.