GM's investing Another $7 billion In EV Production in MI

By Staff Writer January 27, 2022 587
Electric Hummer's under assembly at Factory ZERO in Detroit/Hamtramck. Electric Hummer's under assembly at Factory ZERO in Detroit/Hamtramck.

General Motors has set its sights on making Michigan one of the world’s top EV building centers. On Tuesday, the auto company announced it will invest another $7 billion in MIchigan, the majority of those dollars earmarked to boost the production of its electric line-up.

According to GM, their Detroit-Hamtramck and Orion Township factories will be building more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Canada and Mexico bringing the company's total North America EV production capacity to more than a million units by late 2025.  

At the press briefing Tuesday, GM CEO Mary Barra said Detroit-based GM is "committed to make our home state the epicenter of the electric vehicle industry." The investment also includes $2.6 billion in a new battery plant in Lansing, Mich. 

In a separate news briefing, Michigan Gov. Gretchen Whitmer said she is proposing a combined $2,500 rebate for the purchase of an electric vehicle and charging equipment for Michigan residents. GM has exceeded the threshold for qualifying for the federal EV tax credit of $7,500. Congress is considering lifting the cap and expanding federal credits for up to $12,500, including rebates for buying a used electric vehicle,  with a stand alone bill that is making its way through Congress. 

GM has its work cut out. The company is in a race with Ford to become the No. 2 electric vehicle maker in North America behind Tesla. Ford said in January that it will have the annual capacity to build 600,000 electric vehicles, including 150,000 F-150 Lightning pickups, within 24 months and is investing $11 billion in its EV capabilities.  

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Last modified on Wednesday, 02 February 2022 23:07