President Joe Biden signed an executive order Thursday that will help drive EV sales to 50 percent market share by 2030, Reuters reports.
The new executive order has received backing from General Motors, Ford and Stellantis, as well as major foreign automakers like Toyota and Hyundai. In a statement released this week, the Detroit Big Three said the goal of EV sales make up 40-50 percent of the market share “can be achieved only with the timely deployment of the full suite of electrification policies committed to by the Administration in the Build Back Better Plan.” Biden’s Build Back Better Plan includes purchase incentives for EVs, incentives to expand the electric vehicle manufacturing and supply chains in the United States and a commitment to build a nationwide charging network.
“With the UAW at our side in transforming the workforce and partnering with us on this journey, we believe we can strengthen continued American leadership in clean transportation technology through electric vehicle innovation and manufacturing,” the GM, Ford and Stellantis said in the joint statement. “We look forward to working with the Biden Administration, Congress and state and local governments to enact policies that will enable these ambitious objectives.”
While the executive order calls for 40-50 percent EV sales by 2030, this figure will include hydrogen fuel cell vehicles, as well as hybrids and plug-in hybrids that will still have a combustion engine or gasoline range extender. GM has already abandoned plug-in hybrid vehicles, viewing them as an unnecessary stop-gap to battery-electric vehicles, which it believes will eventually come to dominate the marketplace.
GM is well-poised to compete in the EV arena, with the automaker planning to launch 30 new EVs globally by 2025– more than two thirds of which will be available in the U.S. GM will also be first to market with a battery-electric pickup truck once customer deliveries of the GMC Hummer EV begin later this year.
Earlier this year, GM CEO Mary Barra said the automaker is “transitioning to an all-electric portfolio,” over time and is “rapidly building a competitive advantage,” in EV batteries, software, vehicle integration and manufacturing.
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Comments
Wow, 40 to 50% is not going to be easy, and will require massive expansion in EV manufacturing from what is currently proposed. AS EV’s achieve cost parity with Ice cars though it will grow fast, EV’s are just so much nicer to drive and more efficient.
It’s a nonbinding goal. The 40% also includes plug in hybreds.
“a commitment to build a nationwide charging network.”
That’s putting the cart before the horse, show me a power grid that can handle an influx of even 25% EV sales per year.
What a buffoon.
This old fart is clueless, he’s also probably a fan of the cheap, crappy interiors in the trucks!
Government is going to shove EVs down America’s throat like it or not. Thanks, Teleprompter Joe.
No, you won’t have to buy ICEs. But in order for manufacturers to continue producing the vehicles you have to have, they’ll more then double in price. Then you can whine incessantly that you’re entitled to cheaper ICEs. Expect handouts because of your special needs. The. We can at all you woke because you’re no better.
Since we won’t buy them, they have to shove them done our throats. Gone are the days when you can buy a car that you actually want. Life was good before the takeover.
No Evs for me! I would rather walk. Can’t wait to get my C8 Z06 gas guzzler with a big middle finger to government and the far left hypocrites! Like the old saying goes, “do what I say, not as I do”, right John Kerry?
what a smackass
Ain’t nothing like the government telling the free market what to sell. This whole electric movement feels like a bad dream…..also from what I’ve read, these electric vehicles, mainly the batteries are not environmentally friendly at all to produce. Ps. Joe should be in a old folks home eating his ice cream and feeding the pigeons, not running the largest economy on the planet.
@Tamroc
You mean like they do now with all the insane amounts of Big Oil subsidies?
What is the difference then if they switch to BEV’s?
Batteries can and are being recycled with 95% return of the raw materials. And that will become even more efficient the more Companies do it. In the Future Batteries will become Closed loop for Production. No more Mining will be needed once we have enough Packs.
More Kool-Aid please
@Mr. dcars
I deal in Facts not on personal beliefs.
Hmmm, that’s a pretty optimistic goal!
Better get the infrastructure in place before then…can’t happen!
First it was GM selling cars we didn’t really want, now the government is making them sell cars we don’t really want. The free market should decide how many EV sell. They need to be made more convenient and the same price as current vehicles to see that market share.
50% Goal that also will include Hybrids is not good enough. We will just keep falling further and further behind Europe and China. This was a complete joke yesterday. No real plan laid out as to how the Transition will take place. Nothing about how we will upgrade our Charging Infrastructure. It was just a play to get the Big Three to look good while allowing them to Drag their feet. I believe ONLY GM might survive this Shift to BEV’s in the Future. And I hate to say this but it might just be due to them having such a HUGE prescience in China that they had to start the Shift much faster just like VW.
Mark my words, one if not two of the Big Three will fail by the end of this Decade and us the Tax payers will have to Bail them out yet once again. I still do not understand why people keep turning this into a Political issue. This is about saving our American Companies and the American Workers.
I understand that some DO NOT like or DO NOT want to see this shift take place but it is simply the inevitable and if you are on this site I would like to believe you are a GM fan above all and want to see GM become the Best yet once again. This Shift will provide GM that opportunity. I am very excited and hope my prediction does not come to fruition.
Side Note….Sleepy Joe blew up GM’s spot on that upcoming BEV Vette yesterday. They couldn’t have been happy about that HAHA
The only thing this moron is aiming for is to ruin this country…
what so is he gonna give up his suburban, and corvettes?
“With the union in our pockets and taxpayer money we will build the bridge to nowhere”
Oh, goody! He signed an executive order! What could possibly go wrong ……………..
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Seems to me to be a future fight brewing… GM committed to going TOTALLY Battery electric (except for a huge Hydrogen component of vehicles – which their incredible complication and long-time hydrogen cost making general acceptance dismal, is a head scratcher), meanwhile other automakers are going the Plug-in-Hybrid route – Toyota in fact offering few pure electrics and plenty of (for them) profitable Plug-in-Hybrids.
Even though for myself, I’m working toward 2 pure battery electric vehicles and only 1 PHEV (I currently own 1 BEV and 2 Phev’s) – I think Toyota’s plan has the most merit… They have also tip-toed into Hydrogen but I think they will be smart and limit their exposure to be much less than GM’s.
I think John Q. Public will overwhelmingly gravitate to Toyota’s PHEV’s like the universally acclaimed RAV4 PRIME. A profitable vehicle for the manufacturer, which almost everyone wants. And since there is no ‘range anxiety’ with the vehicle, there is no ‘charging infrastructure’ needed, and since it occasionally runs on gasoline – there are still existing road use taxes provided.
GM will, in the meantime, have zero product for sale, and doesn’t even have anything in that arena since my 2019 VOLT.
I did not see global warming mentioned once in all this selfish writing.