GM chief Mary Barra “As one of the world’s largest automakers,we hope to set an example of responsible leadership in a world that is faced with climate change,”Credit:Simon Dawson
A GM executive,who spoke on the condition of anonymity to describe details of the GM shift,said the company would spend $US27 billion ($35.1 billion) on electric vehicles and associated products between 2020 and 2025,outstripping spending on conventional petrol and diesel cars. That figure includes refurbishing factories and investing in battery production in conjunction with LG Chem,a South Korean battery maker.
The company also said it would manufacture about 30 types of electric vehicles,about 20 of which would be for sale in the United States.
The move toward ending tailpipe emissions will not affect medium and heavy duty trucks,but it will include cars,crossovers and full-size SUVs,such as the light-duty Silverado and Yukon,a company spokeswoman said.
Fred Krupp,president of the Environmental Defence Fund,which had worked with GM on its plan,called it a “breakthrough moment.”
“And it’s part of a wave of industry action that reinforces what the Biden administration is doing,” Krupp said.
President Joe Biden on Wednesday detailed a plan to transition the US economy away from oil,gas and coal and toward solar,wind and other clean energy,saying the country must lead the global effort to cut the pollution that is driving climate change and speeding the planet toward environmental catastrophe. Biden signed an executive order that calls for the federal fleet of about 645,000 vehicles to be converted to electric power.