To boost confidence in EVs, GM is increasing its investment in charging infrastructure, according to TechCrunch.

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In an effort to entice drivers who would otherwise be wary about the availability of charging infrastructure to EVs, General Motors will increase its investment in charging infrastructure for electric vehicles by roughly three-quarters of a billion dollars.

The manufacturer announced that it would invest approximately $750,000,000 through 2025 to expand access to public, residential, and workplace chargers. The investment has a big impact on GM’s Ultium Charge 360 initiative as well.

GM has previously made investments in charging. The manufacturer established a cooperation with EVgo, a well-known network provider, last year to build more than 2,700 DC fast chargers over a five-year period.

In polls, the availability of charging stations is frequently regarded as one of the main barriers preventing consumers from switching to electric vehicles. About half of respondents to Consumer Reports’ survey A recent survey stated that “not enough public charging stations” was preventing them from buying an electric vehicle.

Uncertainty exists on whether this money will support a partnership or a private charging network, such as Tesla’s Supercharging network, which has over 25,000 chargers spread across nearly 3,000 stations worldwide. The idea of GM becoming a “vertically integrated” OEM with income from subscriptions and services was frequently brought up at the investor day. GM also hinted that this investment will support a new project it is calling “Ultium Charge 360,” which sounds a lot like a subscription. We will have to wait and see, though.

Other news from GM Investor Day:

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To boost confidence in EVs, GM is increasing its investment in charging infrastructure, according to TechCrunch.

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