GM plans to sell only emission-free vehicles by 2035

GM plans to sell only emission-free vehicles by 2035

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GM plans to cut emissions by switching to battery-powered electric vehicles or other zero-emission technologies. This shift will require an investment of $ 27 billion, up from the $ 20 billion announced before the pandemic.

The automaker will work with the Environmental Defense Fund to eliminate exhaust emissions from new light vehicles by 2035. However, a blog post by CEO Mary Barra referred to this timeline as an “aspiration” rather than a deadline or difficult promise.

The announcement came after President Biden signed a flurry of executive orders this week to tackle the climate crisis, including re-joining the Paris Climate Agreement on his first day in office.

To help contain the company’s own emissions, GM said it will supply 100% renewable energy to power its plants in the United States by 2030 and global locations by 2035 – five years ahead of what was previously announced. The company also joined 300 global companies by signing a pledge to achieve a net zero carbon target.

“For General Motors, our most significant carbon impact comes from exhaust emissions from the vehicles we sell – in our case, 75%. That is why it is so important that we accelerate towards a future where all vehicles that we sell are a zero-emission vehicle, “said Barra in a LinkedIn post.
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The company’s previously stated goal was to have 40% of all US models running on battery by the end of 2025. At the moment, the only zero-emission electric vehicle that GM offers in the US market is the Chevrolet Bolt, which had sales of 20,754 in the last year, accounting for less than 1% of the automaker’s total sales domestically.

By contrast, Volkswagen (VLKAF), the world’s second largest automaker, sold 231,600 electric vehicles last year, representing 2.5% of its global sales.
To date, GM has invested $ 2.2 billion in its Detroit-Hamtramck plant, $ 2 billion in Spring Hill, Tennessee, and another $ 300 million in Lake Orion, Michigan, to enable better vehicle assembly entirely. electrical.

GM will dedicate 50% of its capital expenditures and product development teams to work on its autonomous electric and electric vehicle programs.

This week, President Biden signed an executive order to strengthen American manufacturing, with an emphasis on government procurement.

“We are thrilled that President Biden shares our enthusiasm for American manufacturing as well as electric vehicles, and we think that adding EVs to government fleets and the infrastructure needed to support them is a great way to get more EVs on the road. as we work to reach zero -emission, fully electric future, “GM said in a statement.

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