this post was submitted on 14 Jun 2024
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Automotive Industry

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GM had $6 billion to spend on EVs, chose stock buybacks (electrek.co)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 4 months ago* (last edited 4 months ago)

EV motors are simple and cheap to develop. The cost is in designing new cars, but the motors are cheap to develop.