General Motors has been building up its resources and capabilities for an all-electric future. With a vast lineup of fully electric vehicles, GM plans to spearhead its return to Europe as an EV-only brand.
After selling over 20,000 EVs for the first time in Q1, GM overtook Ford as the number two EV maker in the US and raised its expectations for the year.
GM is bracing for another breakout year in the US with several highly anticipated EV launches planned, including:
Silverado EV: Deliveries begin in late Q2, with production ramping through the year
Blazer EV: Launching the summer
Equinox EV: Launching this fall
The models join an expanding list of EVs in different segments, including the Chevy Bolt EV and EUV (which are being discontinued later this year), the Cadillac Lyriq, and the GMC Hummer EV pickup.
GM’s Buick also launched its first electric SUV in China last month, the Electra E5, receiving 8,000 orders after 10 days on the market.
Now the automaker plans to expand its presence in Europe, with its first EV expected to launch this fall.
GM enters Europe with an all-EV lineup
According to Automotive News, GM will begin selling fully electric cars in Europe this autumn. The first markets are expected to be Nordic countries such as Norway, Sweden, Denmark, and Finland, says a source familiar with the matter.
EVs reached 80% of new car sales in Norway last year as the country sets an example for the rest of the world to follow. Better yet, by 2025, no internal combustion engine cars will be sold.
The source told Automotive News that the Cadilac Lyriq midsize luxury crossover will be the first model launched.
After selling Opel/Vauxhall to the PSA group (which later merged with Fiat Chrysler to form Stellantis) in 2017, GM abandoned the high-volume market in Europe.
Now the company will use its growing portfolio of EVs to reenter the region. GM has already set up an advanced design studio in the UK as part of its efforts to reestablish its presence in Europe.
Although the Chevy Bolt EV/EUV is not expected to make the trip, GM has several fully electric models that may fit the European market, including the $30,000 (27,358 euros) Chevy Equinox or the midsize electric Chevy Blazer crossover.
Electrek’s Take
Automakers are using the new electric era to redefine their brands. With a dedicated EV platform and expanding supply chain, GM is using the opportunity to reenter Europe, a region where it has watched its presence diminish over the years.
GM still sells several higher-end sports cars, like the Corvette, in Europe, but with the EU looking to ban ICE car sales in the region from 2035, automakers will have no choice but to make the switch or lose market share.
With a handful of EV models, and the resources to expand, GM is getting ahead of the curve as it looks to reestablish its position in Europe and regain market share.
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The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.
Danielle DeVries | CNBC
Power companies that are most exposed to the tech sector’s data center boom plunged early Monday, as the debut of China’s DeepSeek open source AI laboratory led investors to question how much energy artificial intelligence applications will actually consume.
Constellation, Vistra and GE Vernova have led the S&P 500 this year as investors speculated that AI data centers will boost demand for enormous amounts of electricity.
But DeepSeek has developed a model that it claims is cheaper and more efficient than U.S competitors, raising doubts about the vast sums of money the tech sector is pouring in to data centers.
The tech companies have anticipated needing so much electricity to supply data centers that they have increasingly looked to nuclear power as a source of reliable, carbon-free energy.
Constellation, for example, has signed a power agreement with Microsoft to restart the Three Mile Island nuclear plant outside Harrisburg, Pennsylvania. Talen is powering an Amazon data center with electricity from the nearby Susquehanna nuclear plant.
Vistra has not inked a data center deal yet, though investors see promise in its nuclear and natural gas assets. GE Vernova has soared this year as the market believes its gas and electric grid businesses will benefit from AI demand.
This is a developing story. Please check back for updates.
Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.