(Reuters) General Motors is targeting up to 40,000 charging stations as it seeks to accelerate its electric vehicle infrastructure in the US and Canada.
GM said it aims to expand workplace, home, and public charging infrastructure via its Ultium Charge 360 ecosystem to accelerate the widespread uptake of EVs.
The announcement comes after the automaker signed deals with several firms to access almost 60,000 charging stations in Canada and the US.
GM’s EV acceleration seeks to propel the company to a revenue double by 2030 and enable it to rival EV leader Tesla. The company has a current market cap of $83.85 billion, below Tesla, which closed the $1 trillion mark on Monday.
The automaker’s EV infrastructure is part of its about $750 million investment that aims to exploit the on-demand future mobility solutions. The company plans to invest up to $35 billion in EVs and autonomous vehicles up to 2025.
GM: NYSE is down -0.78%.
