(CBS DETROIT) – Despite the slowdown, electric vehicles are proving to be the future for automakers.
It’s a multi-billion dollar venture for nearly every major automaker now.READ MORE: Kellogg's Being Sued Over Strawberry Pop-Tarts
GM and Ford are spending big to build new EV plants or remodel existing ones.
These new factories have to be retrofitted with special production tools to handle electric vehicles.READ MORE: Target To Open Store In Midtown Detroit
While it does cost a lot of money, it also brings a lot of jobs.
This comes just days after Ford announced a $1 billion investment into new plants in Kentucky and Tennessee, bringing 11,000 new jobs there.
Both GM and FORD plan to have an all-electric lineup by 2040.MORE NEWS: City of Hamtramck To Handout Water Filters On Oct.26
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