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BMW invests $1.7 bln to build electric vehicles in U.S.

Reuters · David Shepardson · last updated

BMW AG (BMWG.DE) said on Wednesday it will invest $1.7 billion to build electric vehicles in the United States, the latest announcement from a major automaker about plans to ramp up U.S. EV production.

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Related Knowledge Center: Electric vehicles

State of Play

As electric vehicles — critical in the effort to reduce emissions in transportation — become more economical, the federal government and some states are addressing the need for supporting infrastructure, such as charging stations.

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