General Motors Moves Deeper into the Electric Vehicle Business


GM is already the maker of the Chevrolet Volt, the first wide-selling domestic plug-in hybrid electric vehicle to hit the market. With new CAFE standards put in place by the US Government, and with growing public demand for cleaner vehicles, GM has decided to expand its electric vehicle inventory. According to GM’s product development chief, by 2017, the US automaker will build up to 500,000 vehicles which utilize some sort of electric technology. Adding to its fleet of Volts will also be the new all-electric Spark, which goes on sale in select markets starting next year. The half-million vehicles expected to be produced would equal about five percent of its total global sales from 2011.


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