Which Automakers Are EV-Dedicated?
Dec. 17, 2020—Electric cars have been on the minds of many in recent years, but now this concept is turning into reality as automakers are doling out the cash. From building electric vehicle platforms to leaving the racetrack, these brands are showing their commitment to the future in a variety of ways.
ADAPT gathered the latest news and followed the money trails to find out what’s next for five of the largest automakers.
Just last week, Hyundai Motor Group announced its Electric Global Modular Platform (E-GMP), the brand’s first dedicated battery electric vehicle platform.
Designed exclusively for electric vehicles, models based on E-GMP will have a top speed close to 160 miles per hour and accelerate from 0 to 60 miles per hour in less than 3.5 seconds. BEVs based on E-MPG will be able to charge in a matter of minutes with a driving range of roughly 300 miles.
In addition to E-GMP, the automaker has announced that it plans to introduce nearly two dozen battery electric vehicle models and sell one million units by 2025.
General Motors has wasted little time investing in Ultium Drive, a system of five interchangeable drive units and three motors. With integrated power electronics, the drive units can be configured for all-wheel, rear-wheel, and front-wheel-drive vehicles.
The announcement of Ultium Drive came after the unveiling of Factory ZERO, General Motors’ destination for electric vehicle production. The automaker made its largest investment to date—$2.2 billion—to turn its Detroit-Hamtramck Assembly Center into Factory ZERO.
The automaker’s investments will not go to waste as new electric models are already being teased for the public. The first-ever all-electric Cadillac, LYRIQ, is rumored to hit the streets in 2023. Just ahead of LYRIQ is the resurrected 2022 Hummer EV, which is said to have 1,000 horsepower.
Volkswagen recently announced that it will terminate its racing division in order to make way for electric vehicles. The automaker will vacate the racetrack in order to allocate more time, money and manpower to the development of its upcoming electric vehicles.
The German brand’s first battery-electric vehicle, and an SUV no less, the ID 4, has a 250-mile driving range and will be available for purchase at the beginning of next year. In addition to the ID 4, Volkswagen is also developing a “small, affordable EV.” The Small BEV is rumored to cost between $24,000 and $30,000
In September, Ford announced a $700 million expansion to its historic Rouge Center to include the Rouge Electric Vehicle Center. Located in Dearborn, Mich., the production plant will work to manufacture the brand’s all-electric F-150 truck and other electrified vehicles.
Along with the electric version of its best-selling truck, Ford is electrifying the Mustang with its all-new Mustang Mach-E which is said to be available late next summer. Arriving in 2022 is Ford’s electric cargo van, the E-Transit.
According to The Verge, Ford has also said that it will spend over $11 billion to produce more than a dozen electrified models by 2022.
Tesla is currently building Tesla Gigafactory Texas in Austin to produce the upcoming Model Y and rumored Tesla Cybertruck. One of the first to manufacture electric vehicles, Tesla is investing over $1 billion into the 2,000-acre factory.
The news of Gigafactory Texas came before the let-downs of the automaker’s highly-anticipated Battery Day. But now, construction is well underway and production is expected to begin in May of next year.