CEO Mary Barra unveiled the plan in a presentation to investors on Wednesday. The Detroit-based automaker also revealed its new Ultium battery; its capacity is expected to range from 50 kilowatt hours, the industry standard, to 200 kWh, which would be the highest on the market. (The Verge)

Talking point: GM is banking on the green and autonomous-car industry to help it regain profitability, after the balance sheet drag of strikes and plant closures. The investment flies in the face of Peugeot CEO Carlos Tavares’ belief that electric vehicles appeal only to “green addicts,” and warnings that their popularity is tied to precarious subsidies. In Canada, zero-emissions-vehicle registrations increased 115 per cent between 2017 and 2018, according to Statistics Canada, though they still accounted for just two per cent of new vehicles on the market in 2018. GM will also have to contend with Tesla’s dominance in the space. The company sold about 47,300 of its Model 3 in the fourth quarter of 2019; the Chevrolet Bolt was the next-best-selling electric vehicle—after Tesla’s Model X and Model S—with about 3,300 units sold.