General Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards more electric vehicles.
Image Source: © Kalkine Group 2021
GM further mentioned that it plans to become emission neutral in its global products and operations over next two decades while setting science-based targets to achieve carbon neutrality. Furthermore, in an effort to walk through the chosen path, GM has also inked the Business Ambition Pledge for 1.50 C.
The Business Ambition Pledge for 1.50 C is an action call from coalition of UN agencies, business and industry leaders across the global front that aims to set a net-zero emission target in line with a 1.50 C future.
Apart from that, the automaker has worked with the Environmental Defense Fund in order to create a shared vision of an all-electric future, and now plans to end the tailpipe emissions from new light-duty vehicles by 2035.
Also, the company further aims to offer carbon neutral vehicles across a range of prices while working with all stakeholders to build required chagrining infrastructure. Additionally, GM is working towards increasing consumer acceptance while maintaining some high-quality jobs required to meet such ambitious goals.
Furthermore, GM is adopting a science-based approach to reach net-zero emissions across its global operations by 2040 and plans to systematically decarbonise its portfolio, transit into net-zero emission vehicle technology, souring renewable while leveraging on minimal offers or credits.
At present, ~ 75 per cent of GM’s product accounts for emission. To meet its new commitment, the automaker would offer 30 all-electric models globally by mid-decade and 40 per cent all-electric models across the United States by 2025.
Also, GM would invest USD 27 billion in electric and autonomous vehicle over the next five years, a commitment towards which the Company has diligently worked in the recent past.
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The investment, which is up by 35 per cent against the company’s commitment before the COVID-19 outbreak, would flow towards the development of Ultium battery technology and updating facilities to build EV from globally sourced parts while investing across new sites to boost manufacturing and STEAM jobs.
Apart from that, GM would devote over 50 per cent of its capital spending and product development team towards EV and self-driven vehicles.
GM would also work towards bringing Scope 1 and Scope 2 emissions down from its own operations via completely souring renewable energy to run its operations across the United States by 2030 and across the globe by 2050.