Part 1/13:

The Future of Automobiles: A Global Race Between Russia, China, and the United States

GM's Bold Gamble on Electric Vehicles Fails to Pay Off

General Motors (GM), once a titan of the American auto industry, announced an ambitious plan in 2021: to transition entirely to electric vehicles (EVs) by 2035. The company invested a staggering $35 billion into its Ultium battery platform, banking on EVs to secure its future. Historically, GM experienced early success with models like the EV1 in the early 2000s and showed promise with the Chevy Bolt, which demonstrated the company's ability to develop and produce EVs.