GM and Honda team up to make EVs costing less than $30,000
General Motors and Honda announced this week they are entering a partnership to produce a series of more affordable electric vehicles, CNBC reports.
The new line of GM/Honda EVs are expected to be produced starting in 2027, and a GM official says they are expected to sell for less than $30,000, according to the financial news network.
More affordable EVs would help address price hurdles to mass electric vehicle adoption, CNBC notes, adding that EVs are growing in popularity but that many models are still priced for luxury buyers.
