General Motors Commits To Phasing Out Fossil-Fuel Vehicles By 2040
57
Sponsored Links
General Motors has signed on with several other automakers in committing to phasing out fossil-fuel vehicles by 2040. General Motors is joined by Ford, Mercedes-Benz, Jaguar Land Rover, Volvo, and six other major automakers in committing to cutting out fossil fuel-powered vehicles in the next several decades. The commitments follow the United Nations Climate Change Conference, with several national, state, and local governmental bodies also joining the agreement.
According to a recent report from Reuters, Toyota and Volkswagen were absent in committing to the new agreement, as were China, the U.S., and Germany. Although the broader U.S. government did not commit to the new agreement, major U.S. states like California and New York have given approval.
Several major transportation-based companies have also given support, including Uber and automobile leasing / fleet management company Leaseplan.
According to the Reuters report, which cites “an industry source,” some automakers are wary of committing to phasing out fossil fuels as it not only requires an expensive shift in technology, but also hinges on commitments from governments to build the charging and grid infrastructure required to support a major influx of electric vehicles.
General Motors previously announced plans to eliminate tailpipe emissions from new light-duty vehicles by 2035, as well as the goal of achieving carbon neutrality by 2040. To this end, General Motors is gearing up to release 30 new all-electric vehicles globally by 2025, with 40 percent of The General’s U.S. models slated to run exclusively on battery power in the next four years. Some of the more hotly anticipated all-electric models include an EV variant of the popular Chevy Silverado pickup truck, slated to debut at the upcoming Consumer Electronics Show early next year.
General Motors has also previously stated that it is working towards “zero emissions, zero crashes, and zero congestions,” or the Triple Zero goal, with billions in investments into electric vehicle technology and autonomous vehicle technology.
Subscribe to GM Authority for more General Motors electric vehicle news, General Motors technology news, General Motors business news, and around-the-clock GM news coverage.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
Sponsored Links
Folks, it’s in the cards. Biden’s infrastructure bill specifies 540,000 new EV charging stations to be sprinkled around the United States at taxpayer expense. This is the first go around.