General Motors Co. plans to build only zero-emission cars and trucks by 2035 as the centrepiece of an ambitious corporate target of being carbon-neutral five years after that.
In the latest push by a major company to move away from fossil fuels in the fight against climate change, the auto giant said on Thursday it will offer emission-free light-duty vehicles across its price ranges.
It will spend US$27-billion to accelerate the transition over the next five years – an increase of US$7-billion from its prepandemic budget.
GM also plans to work with stakeholders, including environmental activists, to develop a charging network for electric vehicles and promote consumer acceptance for gradually phasing out the gas-guzzling internal combustion engines it has built for 113 years.
“General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” GM chief executive officer Mary Barra said in a statement. “We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”
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