General Motors Bets $27 Billion On Electric Cars, Slashes Gas-Powered Lineup
01/28/21 AT 4:58 PM
General Motors plans to invest $27 billion into expanding its electric vehicle lineup, slashing all gas-powered light cars and SUVs from its catalog by 2035. It’s a big investment, but climate activists note the U.S. automaker has given itself some wiggle room and has a track record of defaulting on sustainability promises.
GM’s lineup will still have some vehicles that use diesel and gas, notably medium and heavy trucks. With light-duty offerings going 100% electric, however, the company hopes to be carbon-neutral by 2040.
The plan was developed in concert with the Environmental Defense Fund, whose president Fred Krupp called the move a “breakthrough moment,” the Washington Post reported.