GM has been named to the Fortune “Change the World” list consisting of major companies that are not only profitable, but support various social and political agendas, with a focus this year on greenhouse gas reduction.
GM was included in a group of companies Fortune calls “the American electrifiers,” thanks to their efforts toward converting the USA’s extensive passenger and commercial vehicle fleet to EVs.
Placed first in the “Change the World” list above second-place MercadoLibre and third-place Walmart, the “American electrifiers” include GM, charging network company ChargePoint, EV battery supplier SK On Co., and Tesla.
While Tesla is credited with being the breakthrough company responsible for giving EVs a foothold as a serious transportation option in the U.S., the torch may be passed to GM according to the list, with “the next phase of bringing EVs to the U.S. masses” potentially falling to The General.
The GM lineup will contain more than twice the number of models offered by Tesla by 2023’s end and includes popular vehicle styles such as pickup trucks and SUVs. Meanwhile, the automaker also produces relatively affordable all-electric nameplates, including the soon to be revamped Chevy Bolt EV and the Chevy Equinox EV.
GM also won a place at the head of the “Change the World” list thanks to its future EV plans. The company held back on a full EV rollout until it created a technological foundation by thoroughly developing its GM Ultium batteries, electric GM Ultium Drive motors, and its highly scalable BEV3 platform.
With this groundwork laid, it now plans to launch 30 EV models worldwide by 2025 and transition its entire light-duty vehicle lineup to all-electric motivation by 2035. GM also recently made an agreement with Tesla giving drivers of GM EVs access to Tesla’s Supercharger network starting in 2024. It’s also launching a fast charger network in partnership with six other automakers.
Finally, it’s noted The General claims it will maintain or increase its employment numbers despite the EV transition, contrary to claims by critics who say electric vehicle adoption will lead to significant job losses. The assessment of the GM role as a top company in changing the world ends concludes “if GM can simultaneously broaden access to electric cars and provide its workforce with good-paying jobs building them, it will have pulled off a social-impact coup.”