California is known for its car culture. So California Governor Mr. Gavin Newsom’s announcement last year to eliminate gasoline- and diesel-powered vehicles by 2035 from the state is an important one and indeed in line with the US federal government’s pledge to reduce emissions.
As per reports, transportation contributes majorly to pollution in the state. California is the first state in the US to commit to such a goal. There are small strides already being made in the area. Last year, electric car sales in California accounted for around two point eight percent of the state’s total automotive sales.
In fact, California has been focusing on wind, solar, geothermal, and other renewable projects for some time. In 2017, the state adopted a law to reduce greenhouse gas emissions by almost forty per cent by 2030 and fifty per cent by 2050. Let’s look at the current scenario.
Most automotive manufacturers are focusing on reducing the carbon footprint. Volvo cars, now owned by China’s Zhejiang Geely Holding Group, is preparing to launch a green bond.
This fund will sponsor its electric vehicle program. Bayerische Motoren Werke (ETR: BMW) also aims to reduce forty per cent carbon emissions per kilometer and is expected to manufacture around seven million electric vehicles in the next ten years.