GM plans to sell only electric cars by 2035

GM aims to offer only electric cars by 2035, and to be carbon-neutral by 2040

GM intends to offer only electric cars by 2035 and be carbon neutral by 2040

General Motors Co. said on Thursday that it plans to offer only electric vehicles in 15 years, on its way to becoming a carbon neutral company by 2040.

The goal is to focus on zero-emission vehicles in a price range and work with others, including EDF, to – build charging networks and promote consumer acceptance “while maintaining high-quality jobs, which will all be needed to serve to these ambitious goals, ”said GM.

The automaker is investing $ 27 billion in electric and autonomous vehicles over the next five years, up from the $ 20 billion planned before the COVID-19 pandemic. The plans also include fuel efficiency gains for vehicles with internal combustion engines.

GM will offer 30 all-electric models worldwide by the middle of the decade, and that 40% of the company’s models in the U.S. will be battery-powered electric vehicles by the end of 2025.