General Motors Goes Even Bigger on Electric Vehicles, Planning $27 Billion in Spending

General Motors (NYSE: GM) said that it is boosting its electric vehicle (EV) investments as it moves to bring more battery-powered vehicles to market, more quickly. Speaking at a conference hosted by Barclays on Thursday, CEO Mary Barra said that GM now plans to spend over $27 billion to bring a slew of new all-electric vehicles to market -- 30 across its global portfolio by the middle of the decade. Not all of those 30 EVs will be sold in the U.S. market, but quite a few will be: more than two-thirds of the total, Barra said.