General Motors has hired an abundance of new lobbyists in recent weeks as the Biden Administration prepares to invest heavily in electric vehicles and other clean vehicle technology.
According to a report from The Detroit News, GM hired 24 new lobbyists from five different firms in the past week alone, who work to influence public policy with regard to EVs and autonomous vehicles. The lobbyists will also articulate GM’s interests with regard to other important aspects of the automotive industry, including taxes, infrastructure, cybersecurity, trade policy and more.
The Biden Administration has indicated it will introduce new tax incentives for electric vehicles and invest billions to set up thousands of electric vehicle charging stations across the United States. The White House hopes moves like these will help encourage consumers to buy a battery-powered vehicle instead of an internal combustion engine one when shopping for a new car, truck or SUV, in turn helping it to meet the strict climate goals it has set for itself.
GM has committed billions to emerging vehicle technology, with plans to invest $20 billion in electric and autonomous vehicles between now and 2025. The automaker will be keen to get the government on its side when it comes to shaping future environmental policy, then, as the future of its business could hinge on the immediate public response to EVs and AVs. The automaker is also planning to sell electric light duty passenger vehicles only by as early as 2035 and will be fully carbon neutral by 2040.
“General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” GM CEO Mary Barra said earlier this year. “We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”
More than half of GM’s capital spending and product development funds will go toward electric and electric-autonomous vehicle programs in the coming years. The company says it will eventually offer an EV “for every customer, from crossovers and SUVs to trucks and sedans.”
The automaker is also covering off the fleet side of the business with product offerings like the recently unveiled BrightDrop EV600 – purpose-built electric delivery van engineered with companies like FedEx in mind. Fleet vehicles like this could be valuable to GM once the Biden Administration begins replacing the federal vehicle fleet with EVs – a move that could represent $20 billion in business for companies like GM and Ford.