GM steps-up its investment in EVs

I’m not surprised. Going all-in on EVs is their best chance to gain market share in cars, SUVs, and light trucks. Toyota is nowhere with respect to EVs, probably because they own the hybrid market. As long as hybrid sales are booming, they will find it hard to justify moving to full EV power plants. Sure, batteries are expensive, but EVs are significantly less complicated than hybrids, and that complexity means significantly higher cost to build after the nonrecurring costs are paid for. It’s like the old days when Toyota made big inroads in the small car market. The Detroit 3 were selling big cars well, and a move to small cars was hard to justify.