The company plans to build out to more than 2,000 fast charging points by the end of 2024 with more than 10,000 high-power chargers in North America, Europe, China and other core markets by the end of 2030.
The initiative, which began in 2019, focuses on demonstrating the efficiency and viability of electric vehicle transportation in rural communities.
The companies plan to establish a circular supply chain.
The plan would cut 340 megatons of greenhouse gas emissions between 2024 and 2050.
“GM Energy’s growing ecosystem of energy management solutions will help accelerate GM’s vision of an all-electric future by further expanding access to even more benefits that EVs can offer,” says Wade Sheffer, VP of GM Energy.
This project translates into batteries with heightened energy density and enhanced safety compared to traditional lithium-ion batteries.
The system uses common electrical distribution technology used in fleet depots, buildings, and industrial settings.
EVs, on the other hand, can provide more stable and cost-effective operational solutions as electricity prices tend to be less volatile than fuel prices.
The only U.S.-owned and operated school bus manufacturer has more than 20,000 propane, natural gas and electric-powered buses in operation today.
Amazon plans to have 100,000 electric delivery vehicles custom-built by Rivian on the road globally by 2030.