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General Motors will stop producing gasoline and diesel cars by 2035 and will only sell electric vehicles
- GM to end production of diesel and gasoline vehicles by 2035
- In an announcement Thursday, the firm said it would then only sell electric vehicles
- Eliminating petrol and diesel vehicles will help it achieve carbon neutrality by 2040
General Motors (GM) has celebrated 2035, when it plans to stop production of all diesel and gasoline vehicles worldwide.
In place of exhaust pollution emitters, the company will only sell electric vehicles – and is set to launch a new range for the occasion.
The U.S. automaker made the announcement Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100% renewable energy in production facilities.
The move comes weeks after GM changed its company logo and launched an electric vehicle marketing campaign to reshape its image as a clean vehicle company.
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The U.S. automaker made the announcement on Thursday as part of its strategy to become carbon neutral by 2040, which also includes the use of 100% renewable energy at production facilities.
The trade of gasoline consumers for electric vehicles has been a big topic in recent years and two US states, California and Massachusetts, have committed to making the switch by 2035.
GM is the first automaker to move forward and its shares were up 7.4% Thursday morning because of it – it now has a market cap of around $ 73 billion.
Mary Barra, GM President and CEO, said, “General Motors joins governments and businesses around the world working to build a safer, greener and better world.”
“We encourage others to do the same and to have a significant impact on our industry and the economy as a whole.
General Motors (GM) has celebrated 2035, when it plans to stop production of all diesel and gasoline vehicles worldwide. In the photo, GM’s Endurance electric pickup was unveiled last June
The company is expected to launch 30 fully electric models globally by the middle of the decade, and 40% of the US models offered by the company will be battery electric vehicles by the end of 2025.
The EV will also be available at different price points to meet the needs of the general public.
The move comes weeks after GM changed its corporate logo and launched an electric vehicle marketing campaign to reshape its image as a clean vehicle company
And GM is ready to work with other companies to develop the necessary charging infrastructure and promote consumer acceptance while maintaining high-quality jobs, all of which will be needed to meet these ambitious goals.
Fred Krupp, Chairman of the Environmental Defense Fund (EDF), said: “ With this extraordinary step forward, GM is making it clear that taking action to eliminate pollution from all new light vehicles by 2035 is an essential part of any automaker’s business plan. ”
“ EDF and GM have seen significant differences in the past, but it’s a new day in America – a day in which serious collaboration to achieve transportation electrification, science-based climate advancements and shared economic opportunities. equitably can move our nation forward. ”
To reduce emissions from its own operations, GM will provide 100% renewable energy to power its U.S. sites by 2030 and its global sites by 2035, a five-year acceleration of the previously announced global target of the society.
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