General Motors (GM) plans on going beyond manufacturing a fleet of electric cars, according to an announcement Wednesday regarding electrification component sets, which are capable of converting most old gasoline-powered automobiles into new-age electric vehicles (EV). The technology will be used for EV conversion projects and GM expects to target a group of diverse commercial clients and enable them to meet their sustainability targets. Electrification components will open up new business avenues and the company estimates a market growth of $20 billion by 2030 with the increasing demand for zero-emissions technology. “Guided by its vision of a world with zero crashes, zero emissions, and zero congestion, General Motors announced today its strategy to offer EV technology beyond its own portfolio and automotive applications more broadly, one component at a time,” said the press release. Customers will work with trained professionals in GM’s electric specialty vehicle modifier (eSVM) program to replace …