GM ( General Motors ) is planning to invest $760 million in it’s Toledo propulsion factory. This million dollar investment on electric vehicle is for drive units. Toledo propulsion service factory already used to create transmission propulsion for gas powered vehicles. Now new sector is created for making electric vehicles.
Now the electric drive which is made will be used for GM electric trucks. Now GMS hummer EV is under production and company is planning to manufacture Chevrolet Silverado EV and GMC Sierra electric vehicle in this electric drive. It is considered as GM’s first transmission factory adapted for electric vehicle production.
Table of Contents
What is Electric Drive Units in electric vehicle ?
Electric drive is one of the important component used in electric car or electric vehicle. This electric drive involves electric motor, one speed transmission. There is power electronics also involved in electric drive which brings electricity to motor also takes electricity from motor. There is still a question whether the entire motor
will be created at Toledo factory or not. In gas powered engine more than one speed transmission required which is not required in electrical vehicles.
View of GM spokes man regarding investment on electric vehicle.
GM spokes man DAN Flores said, Toledo propulsion factory will continue building transmission propulsion for gas powered vehicles along with this new electric drive for electric vehicles. Also GM executive vice president of Global Manufacturing and Sustainability, Mr Gerald Johnson stated that “This investment helps build job security for our Toledo team for years to come and is the next step on our journey to an all-electric future.”
No doubt investment on electric vehicles will give a delicious taste in near future.
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Which electric vehicles General Motor ( GM) wants to produce in near future ?
GM has a plan of making zero-emissions light duty trucks and passenger vehicles by 2035. Now GM manufactures electric vehicles and electric cars as Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt. Chevrolet Equinox electric vehicle is planed by GM in next few years.
GM has already invested $2.2 billion in one of it’s Detroit-Hamtramck factory. Here Hummer electric vehicles are built. Also it has invested $2 billion in it’s spring hill factory where Caddilac Lyriq electric SUV is being made.
There is an estimation of $35 billion investment on electric cars and vehicles by 2025. So to produce varieties , investment on electric vehicle is justified.
Sales of electric car globally
As we know at global level demand for electric car sales is increasing so no doubt big brand companies are putting enormous amount of money for production of such electric car. Recently there was a news that California has declared there will be 100% electric car usage by 2035 and gas powered vehicles will be banned. Like that sales of electric cars are increasing in china. Though there is a huge market for hybrid vehicles.
Now a days facilities are less for electric cars comparative to gas vehicles. So in such scenario increase in demand for PHEVs are quite common. If we look at the stats of electric vehicles or plugin cars the score is 92% year over year having registrations 552,000 last month. While plugin hybrids have surged 137% which reached registrations 140,000.
Hence it is evident that plugin electric vehicles have hit 30% share market in August.
Conclusion
In such a high demanding situation all over the world, it is quite obvious that companies like GM and TATA will invest much into electric vehicle sector. Here we have to accept that China is a country of massive population also one of the technically sound Asian country. As per the stats only China has given contribution of 60% for sales of electric vehicle The information provided above has been referred from CNN and Cleantechnicia article.
to refer the articles please click on these links CNN, Cleantechnicia.
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