General Motors Co. (NYSE: GM) announced a partnership with Pilot to build about 2,000 charging stations at 500 Pilot and Flying J locations. They should all be in place in three years.
[in-text-ad]
A look at the map GM released shows that many of these stations are in areas of the county that do not have heavy concentrations of population. Because most electric cars travel 250 miles or so on a charge, this network takes on special significance. GM claims this will put charging stations at “50-mile intervals” across the country. It is part of GM’s $750 million investment to build out a charging infrastructure.
Mary Barra, GM’s board chair and chief executive, commented on the plan: “We are committed to an all-electric, zero-emissions future, and ensuring that the right charging infrastructure is in place is a key piece of the puzzle.”
GM’s challenge is not building stations. It is selling electric vehicles (EVs). The competition it faces is stiff, with the wave of other manufacturers led by Tesla. By most appearances, GM is behind both Tesla and Ford. Ford’s giant rollout of the F-150 Lightning will challenge any EV success of GM’s Chevy Silverado or the Dodge Ram competition. These are the three top-selling vehicles in America. Chevy says it will have a Silverado EV, but not until over a year from now. With parts shortages, even that plan could be ambitious. The only EV that Chevy, GM’s largest division, currently sells is the unpopular Bolt.
GM owners will get special rates at the new stations. That is only a substantial value to GM if people buy its EVs in impressive numbers. Otherwise, these will just be a chain of mostly empty locations.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.