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General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday. Barra was responding to a question from an analyst on the No. 1 U.S. automaker's earnings conference call when she said she believed EVs would see more of the research and development and capital spending dollars in that time period. The United Auto Workers union, which just ratified a new four-year lab
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GM plans to spend more on EVs than gas-powered cars in next five years
