General Motors Co. said Thursday it aspires to offer only electric vehicles in 15 years on its way to become a carbon-neutral company by 2040.
GM said it has worked with the nonprofit Environmental Defense Fund “to develop a shared vision of an all-electric future and an aspiration to eliminate tailpipe emissions from new light-duty vehicles by 2035.”
The goal is to focus on zero-emissions vehicles in a range of prices and working with others, including EDF, to — build out charging networks and to promote consumer acceptance “while maintaining high quality jobs, which will all be needed to meet these ambitious goals,” GM said.
Earlier this year, GM said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company’s U.S. models will be battery electric vehicles by the end of 2025.
The auto maker is investing $27 billion in electric and self-driving vehicles in 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.