Investment

General Motors is set to increase its investment in electric vehicle charging infrastructure by about three-quarters to about अ 1 billion, to lure drivers who are unlikely to have EV charging availability. The automaker has said it will spend about $ 750,000,000 by 2025 to create more access to public, home and work chargers. The investment has significant implications for GM's Ultimate Charge 360 project. This is not the first time GM has invested in charging. The automaker last year announced a partnership with popular charging network company Evgo to install more than 2,700 DC fast chargers in five years. The availability of charging in the service is consistently cited as people are reluctant to transition to an electric vehicle. A recent consumer report survey found that n...

SINGAPORE / NEW YORK / BENGALURU, Oct 7 (Reuters) - Some of the world's largest importers of liquefied natural gas (LNG) are slashing orders after a 500-year price hike, raising concerns among potential producers about the potential longevity. -Destruction of demand term. While LNG buyers, along with numerous emerging economies in Asia, are putting pressure on prices that have doubled in the past month, the growing number of exporters in North America is pushing for increased export capacity that will still take many years to come online. Natural gas is seen as a more acceptable fossil fuel because growing economies such as India, China and Pakistan have sought to reduce carbon emissions, as they burn more cleanly than oil and coal. But rising natural gas prices are pushing electric...

GM is increasing its investment in charging infrastructure to build trust in EVs

Record gas prices in Asia reduce LNG investment; N. America grabs exports