Biden Admin Wants Automakers To Commit To 40 Percent EV Sales By 2030
31
Sponsored Links
The Biden Administration is urging automakers to ensure their product portfolios consist of 40 percent electric vehicles by 2030 as part of an effort to reduce domestic carbon emissions.
According to Reuters, the Biden Administration and major automakers are currently in discussion regarding the voluntary EV target. Minute details of the goal are still being worked out, such as whether or not plug-in vehicles will count as EV sales, or if only battery-electric vehicles will be included.
While automakers appear to support the goal, the United Auto Workers union is standing in opposition to it. The union has spoken out against EV mandates in the past, saying it could put thousands of American jobs at risk, as EVs require fewer components to produce. Jobs in engine and transmission manufacturing, for example, would be cut significantly.
“The UAW is still in discussions and has not reached an agreement at this point,” UAW spokesman Brian Rothenberg told Reuters.
General Motors has said it will phase out internal combustion engine vehicles entirely by 2035, but did not provide a comment to Reuters regarding the federal EV sales mandate. The automaker also said previously that 40 percent of its global product portfolio will be EVs by 2025.
Stellantis has said in the past that it would target 40 percent EV sales by 2030, while Ford also expects 40 percent of its vehicle sales to be EVs within the same timeframe.
Several U.S. states have decided to implement their own EV mandates, including California, Massachussets and New York. In these states, sales of new internal combustion engine vehicles will be banned after 2035. Governors from these states and several others wrote a letter to the Biden Admin urging it to adopt similar measures on a federal level, but the White House has shown apprehension toward this idea.
Subscribe to GM Authority for more GM business partnership news, GM business news and ongoing GM news coverage.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
Sponsored Links
Politicians love far away mandates as they aren’t around to honor them. Will it be 40% by 2030? So many things could go wrong yet many things could go right. What if there are a rash of fires on evs where kids die? Will that get suburban moms against? What if people find out charging at a public charger costs 2x or 3x gasoline? What if lithium becomes scarce? Now it could go the other way too but a future politician could change it all.
Public Fast Charging will be lower in cost by 2030. There’s only 4 Fast Charging Networks in North America. electrify America, EVGO, ChargePoint, and Tesla Superchargers, w/ one of them being proprietary. I paid only $9.80 to get from Las Vegas to San Diego, where that drive would have taken an entire tank of gasoline and currently cost $50. In some states and jurisdictions, electricity can only be billed by minute, rather kWh. For fast charging cars and chargers, this can be beneficial for the consumer. In Shamrock Texas, I charged and got 53kWh of electricity for only $5.32. That got me all the way to Tulsa, OK. When more electric vehicles are on the road, and competition is to be had, wholesale bulk electricity prices will go down, as utilities scale up Renewable energy sources and Storage Solutions. That will help offset the intense energy demand, and possibly even eliminate ‘Peak Hour’ Charge rates for consumers. It’s a win, win for all.
My understanding is that most chargers now are subsidized. It costs 500k to 1m to install one fast charger. If you think your 5$ bill for 30mins or whatever will recoup that investment then God bless you. Just like with solar panels and most esg, in nascent stages we subsidize. But once it gets to big, you don’t have enough money to subsidize and the economics break down.
Jake
Lithium is the most common metal in the universe. Making up 8% of the earths crust. We will never run out.
maybe first build a couple of hundred Nuclear power plants so there will actually be electric available to charge those golf carts
i agree, we need Nuclear plants. They are the cleanest form of energy we have. Seems the Enviromentalist don’t want this which only proves all this Global Warming is money making scheme. If we had Nuclear plants we wouldn’t need to worry about ICE vehicles.
Today’s nuke plant tech are much safer than the ’50s based technology most plants still use. I believe 2 are under construction.
Guest. Much safer from already one of the most safe forms of energy? If you look at 1950’s nuke plant safety precautions, wow, those were safe, today’s are bulletproof. Quiet literally. They have enough safety features terrorist could bomb them and they would be safe. There is no reason in the world to not use nukes.
You can’t predict how many of what vehicle you are going to sell two years from now let alone ten. What if you can’t get 40 percent of your buyers go purchase an EV? Do you sell them at a loss to meet the goal the way the Big 3 used to sell subcompact at a loss to meet CAFE standards?
GM won’t offer Gasoline versions of most of their vehicles. That’s how.
But than means they just won’t sell cars in general. As it’s lining up, it doesn’t look like 10% of Americans will want EV’s by 2030, much less 40%. The only number that’s 40% accurate on EVs is the percentage of the current 2% of owners who are switching back to gas.
Why can’t a charging system be on all the electronic vehicles that’s charges as you drive . Then you don’t need all those high dollar stations everywhere . Each wheel hub has a built in charge system as you drive.
I hope for your sake, this is a joke.
GM has not stated that. They have stated that at least 40% of their models will be BEV by 2035. 95% of their sales could still be gas. They have only stated that Cadillac will be 100% electric by 2030.
Don’t make up crap that has not the truth.
In order to pass CAFE requirements I can guarantee you they won’t. They already cut all sedans with the exception of cadillacs and the Chevy Malibu and Spark. Only reason for this is because all other vehicles have higher asking MSRP’s and does more than offset any potential fines or penalties for not meeting avg fuel efficiency standards. I can guarantee you that GM’s electric vehicle plans with start with Higher asking MSRP’s that will better outperform their ICE counterparts, and then gradually get back into the Sedan market.
I expect whatever year Cadillac announces as the final production of ICE-powered Escalades, GM will shift all of their production capacity to that, and you won’t be able to get a Suburban. The demand will be too great to pass up the profits. The following year will be the lowest number of vehicles sold in Cadillac’s modern history.
Well if gm won’t offer them, I’m sure other automakers happily will.
Old Joe will be committed by ’25 and out of office by ’24…
Then we will have Madam President Kamala Harris in 2025.
Lol 😆……
I would be very careful using the word “madam” with Kamala Harris.
When is Joe selling his Vette and all other ICE vehicles?
It’s all for the sake of appearances, they know the automakers already set higher and sooner targets and deadlines for themselves. If Biden really wants to make a significant statement he should impose hundred percent zero emission(EV & fuel-cell) obligation on carmakers starting with 2030 and a blanket ban on gas cars that currently on the road starting with 2035.
Imagine how this is gonna ignite a massive economic boom comparable to 50s. Amount of investment to go into thousands of new factories, charging networks, new generation grid infrastructure is close to 100 trillion dollars. All the wallstreet and enormous ESG funds are waiting for this to happen to channelize their portfolios. This means tens of millions of high paying jobs. So if you have coming of age kids you better sway them to those areas.
100 trillion? Global gdp is less than 100 trillion. So we will spend what? 10% of global gdp to build out infrastructure for cars? Will there be any money left for anything else? Standard of living down in your world.
Impose a 100 percent mandate? Very communistic!
Fact most the companies know they will not be anywhere near 40 percent EV sales by 2030. Even the most optimistic forecasts only see Evs accounting for 30 percent of sales by 2030.
Nuke plants are safe but the spent waste poses a problem due to storage issues and the longevity of the waste. Sure EV are cheap at cost per mile now but when they start taxing for highway use you will pay as much as a gas powered vehicle per mile. They did the same thing LPG and CNG fuel. When the government starts loosing revenue they find something to tax
On the waste subject, there was an article about how they can’t recycle wind turbine blades so they are burying them in land fills. Point just being there’s probably a waste issue with almost everything.
I would think the nuclear waste would be a much smaller volume. The safety measures when transporting the stuff is insane as well.
Unless EV’s and the needed infrastructure make huge advancements by 2030, I honestly don’t think 40% of the country will be ready for EV ownership. It also appears that California is ensuring the exodus will continue by banning ICE sales after 2035. A problem it’s creating for housing in other states (predominately the western half) is people moving from California are able to outbid the locals when shopping for a new home. There’s a growing resentment in these states every time a new California plate shows up since it’s making an already sky high housing market that much worse. You can’t blame them for wanting to move but you can see why it’s causing issues in the states their escaping to.
Not only the housing but they vote for the same nonsense that they are escaping.. Does this mean that my coffee cup that “Is known to create cancer in California” is now going to give me cancer in Georgia ?
When you are sitting around waiting for your car to charge in some weird place it will finally sink in, this sucks!
With a radical lefty government involved, what could possibly go wrong?