General Motors announces all-electric product line by 2035
General Motors (GM) has announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to eliminating tailpipe emissions from new light-duty vehicles by 2035.
The company plans to achieve this goal by transitioning to battery electric vehicles or other zero-emissions vehicle technology such as hydrogen fuel cells. Additionally, GM plans to become carbon-neutral in its global products and operations by 2040, through sourcing renewable energy and leveraging offsets or credits
"General Motors is joining governments and companies around the globe working to establish a safer, greener and better world," said Mary Barra, GM Chairman and CEO. "We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole."
GM's focus will be offering zero-emissions vehicles across a range of price points and working with various stakeholders to build out the necessary charging infrastructure and promote consumer acceptance while maintaining high quality jobs, which will all be needed to meet these ambitious goals.
GM stated that the company will offer 30 all-electric models globally by 2025 and that 40 percent of the company's U.S. models offered will be battery electric vehicles by the end of that year. GM is investing $27 billion in electric and autonomous vehicles in the next five years — up from the $20 billion planned before the onset of the COVID-19 pandemic.
This investment includes the continued development of GM's Ultium battery technology, updating facilities such as Factory ZERO in Michigan and Spring Hill Manufacturing in Tennessee to build electric vehicles from globally sourced parts and investing in new sites like Ultium Cells LLC in Ohio as well as manufacturing and Science, Technology, Engineering and Math (STEM) jobs.
More than half of GM's capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. In the coming years, GM states that the company plans to offer an EV for every type of customer, from crossovers and SUVs to trucks and sedans.
Use of renewable energy
To address emissions from its own business and manufacturing operations, GM will source 100 percent renewable energy to power its U.S. sites by 2030 and all global sites by 2035, which represents a five-year acceleration of the company's previously announced global goal. Today, GM is the 10th largest user of renewable energy in the world and in 2020, the company received a 2020 Green Power Leadership Award from the U.S. Environmental Protection Agency.
Additionally, the company is also working with EVgo to triple the size of the nation's largest public fast charging network by adding more than 2,700 new fast chargers by the end of 2025, a move set to help accelerate widespread electric vehicle adoption. The new fast chargers will be powered by renewable energy exclusively.
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