General Motors will stop producing petrol and diesel cars by 2035 and sell only electric vehicles
- GM will reduce its diesel and gas vehicle production by 2035
- In a Thursday announcement, the firm said it would then only sell electric vehicles
- The elimination of gas and diesel vehicles is to help them achieve carbon neutrality by 2040
General Motors (GM) has indicated in 2035 when it plans to halt production of all diesel and petrol-powered cars worldwide.
Instead of emitting exhaust fumes from the exhaust pipe, the firm will only sell electric vehicles – and will make a new range available for the event.
The American carmaker made the announcement on Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100 percent renewable energy at production facilities.
The move comes weeks after GM changed its corporate logo and launched an electric vehicle marketing campaign to reform its image as a clean business.
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The American carmaker made the announcement on Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100 percent renewable energy at production facilities.
The trade in gas veils for electric vehicles has been a major topic for the past few years and two U.S. states, California and Massachusetts, have committed to making the switch by 2035.
GM is the first carmaker to emerge and its shares rose 7.4 percent on Thursday morning – it now has a market capitalization of about $ 73 billion.
Mary Barra, GM chairman and CEO, said: “General Motors joins governments and companies around the world to establish a safer, greener and better world.”
“We encourage others to follow their example and make a significant impact on our industry and on the economy as a whole.”
General Motors (GM) has indicated in 2035 when it plans to halt production of all diesel and petrol-powered cars worldwide. Pictured is GM’s electric Endurance pickup truck that was launched last June
The company will release 30 all-electric models worldwide by the middle of the decade, and by the end of 2025, 40 percent of the U.S. models offered will be battery-powered electric vehicles.
The EV will also be available at various price points to satisfy the general public.
The move comes weeks after GM changed its corporate logo and launched an electric vehicle marketing campaign to reshape its image as a clean business
And GM will partner with other companies to develop the necessary charging infrastructure and promote consumer acceptance while maintaining high-quality work.
Fred Krupp, president of the Environmental Defense Fund (EDF), said: ‘With this extraordinary step forward, GM is making it clear that the action to eliminate pollution from all new light vehicles by 2035 is an essential part of the business plan. from 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 move our country forward with electrification of transportation, science-based climate change and equitable shared economic opportunities.”
To address the emissions of its own operations, GM will acquire 100% renewable energy to power its US sites by 2030 and by 2035 global works, representing a five-year acceleration of the company’s previously announced global goal.