The number of new electric nameplates that will launch by decade’s end continues to grow. Each encouraging monthly sales and registration report emboldens an automaker somewhere to revise its EV strategy upward or push ahead with schedules.
The industry knows EVs are coming. And manufacturers everywhere have big long-term production plans for them. About 40 EV models of all types are on the market in the United States, but that number could triple over the next two to three years, according to automaker announcements and production forecasters. General Motors alone has said it expects to have more than 20 available in North America by the end of 2025.
But getting factories in place to produce them is a slow process, involving potentially billions in capital spending, hiring and training workers, and simultaneous product development programs. Multiple factory preparations are underway around North America to put EVs into production. These automaker projects are in various stages of making it happen.
