Ford and General Motors (GM) have both announced plans to venture into the world of energy storage, following in the footsteps of the electric vehicle (EV) giant Tesla. The two U.S. automakers have big plans for business expansion, which could drive down EV manufacturing costs, reduce reliance on imports, and expand their portfolios. The U.S. EV market is growing at a slower pace than anticipated as the Trump administration waters down aims set by the previous government to restrict the sale of internal combustion engine (ICE) vehicles and incentivise…
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