General Motors will stop producing petrol and diesel cars by 2035 and sell only electric vehicles
- GM is pulling the plug on its diesel and gas production by 2035
- In an announcement on Thursday, the company said it would only sell electric vehicles
- The elimination of petrol and diesel vehicles is to help achieve carbon neutrality by 2040
General Motors (GM) has marked the year 2035 as it intends to stop production of all diesel and petrol vehicles around the world.
Instead of emitting pollution through exhaust pipes, the company will only sell electric vehicles – and will launch a new line for the occasion.
The US carmaker made the announcement on Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100% renewable energy at production facilities.
The move comes weeks after GM changed its corporate logo and launched an electric vehicle marketing campaign to reshape its image as a clean vehicle company.
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The US carmaker made the announcement on Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100% renewable energy at production facilities.
Gas trading for electric vehicles has been a major topic in recent years and two US states, California and Massachusetts, have committed to making the switch by 2035.
GM is the first automaker to take a step forward, and its shares rose 7.4% on Thursday morning because of it – it now has a market cap of about $ 73 billion.
Mary Barra, President and CEO of GM, said: “General Motors joins governments and companies around the world working to make the world safer, greener and better.”
“We encourage others to follow suit and have a significant impact on our industry and the economy as a whole.”
General Motors (GM) has marked the year 2035 as it intends to stop production of all diesel and petrol vehicles around the world. Pictured is GM’s Endurance electric truck, which was unveiled in June last year
The company is set to launch 30 electric models globally by the middle of the decade and 40 percent of the US models offered by the company will be battery-powered electric vehicles by the end of 2025.
EV will also be available at various price points to cater to the general public.
The move comes just weeks after GM changed its corporate logo and launched an electric vehicle marketing campaign to reshape its image as a clean vehicle company.
GM will also work with other companies to develop the necessary charging infrastructure and promote consumer acceptance while maintaining high-quality jobs, which will all be needed to meet these ambitious goals.
Environmental Protection Fund (EDF) President Fred Krupp said: “With this extraordinary step forward, GM makes it clear that taking action to eliminate pollution from all new light vehicles by 2035 is a key element of the plan. business of any car manufacturer. ”
“EDF and GM have had some important differences in the past, but this is a new day in America – one in which serious collaboration to achieve transportation electrification, science-based climate progress and equitably shared economic opportunities can move our nation forward. ”
To address emissions from its operations, GM will provide 100% renewable energy to power its US sites by 2030 and global sites by 2035, which is a five-year acceleration of the previously announced global target. company.