GM Looks to Parlay Battery Work Into New Energy Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

GM gets into the energy business by using EV batteries for new products and services that can power your home

GM said the new division, called GM Energy, will help customers transfer electricity from an EV or battery-storage box to a home or building, as a way to protect against power outages and transfer electricity to the grid during off-peak times.

President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that’s going to be a challenge. Illustration: George Downs

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

gomer2323 ;) Next decade…

Batteries STORE energy, they don't produce it. Energy must be produced and then stored in them to provide energy. Every notice that hazmat label on any products w lithium batteries? Yeah, let's use of massive batteries.. and then bury them in the ground. Lunacy. SMFH

How is this better for emergency use than a natural gas generator, which can power your home indefinitely during a power outage?

You can’t copy tesla . Will not work for you

Copy TSLA much?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM created a new energy business to sell batteries and solar panels in bid to dethrone TeslaGM Energy is a direct shot at Tesla. Competition is good, right? 😉
Source: verge - 🏆 94. / 67 Read more »