EVs Continue to Take Off, Possible Biden Victory Would Boost Industry
General Motors (GM) is pushing ahead aggressively with the development of electric vehicles, with its Detroit factory – recently renamed “Factory Zero” — being retooled to begin to build its Hummer EV electric truck late next year.
Why This Matters: The investments in electric vehicles are clearly market-driven, but it cannot hurt to have Presidential frontrunner Joe Biden on the campaign trail talking about using the federal purchasing power to transition the federal fleet to electric vehicles.
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