Will GM’s Charging Stations Jump-Start EV Efforts?

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By Douglas A. McIntyre Published
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Will GM’s Charging Stations Jump-Start EV Efforts?

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General Motors Co. (NYSE: GM | GM Price Prediction) 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.
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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.
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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.”
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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.
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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.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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