General Motors to give up gas-powered cars and build electric vehicles only by 2035

General Motors revealed its plans to halt its production of gasoline and diesel-powered cars. The company said that it is aiming to build just electric vehicles by 2035.

This means that General Motors is planning a big shift in its business as its entire new fleet of SUVs and trucks will all be EVs. The transformation will surely take time, and the carmaker shared that they are expecting full conversion by 2035. This means that by this year, they will only be offering a full range of electric cars and nothing more.

GM’s plan for its complete shift to EVs

As per CNBC, General Motors made the announcement about the changes in the vehicles that it will be manufacturing in the future just a day after Joe Biden signed several executive orders related to climate change.

The new US president’s climate change EO’s are for all levels of the government as they will be prioritizing actions and plans to help curb global warming due to carbon emissions. The automaker stated that to help with the efforts of saving the earth and keep the world clean and green, it has a broad plan to be carbon neutral by the year 2040.

The road to becoming carbon neutral

To realize this goal, General Motors is ditching gasoline and diesel-powered vehicles and replace them with electric cars. It was said that the company will be also be using 100% renewable energy to power its plants in the U.S. by 2030. For its facilities outside of the States, GM may be able to achieve this by 2035.

GM is targeting zero carbon emissions by focusing only on EVs and this plan has been on the drawing board for several years now. But today, the company is able to provide a timeframe so the works are now expected to commence for the creation of advanced safety technologies and self-driving vehicles.

“General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” GM chairman and CEO Mary Barra said via press release. “We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”

Finally, General Motors’ transition to a net-zero-carbon future will be funded by a $27 billion investment. By 2025, it is expecting to release 30 new electric vehicles worldwide.

“For General Motors, our most significant carbon impact comes from tailpipe emissions of the vehicles that we sell – in our case, it’s 75 percent,” Barra said in a separate message that was posted on LinkedIn. “That is why it is so important that we accelerate toward a future in which every vehicle we sell is a zero-emissions vehicle.”