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.
General Motors unveils new logo, to launch 30 new EVs by 2025
General Motors unveils new logo, to launch 30 new EVs by 2025
The “Everybody In” campaign focuses on three themes- Accelerating its EV adoption, investment of $27 billion in EV products through 2025 and the launches of 30 new EVs globally by the end of 2025, and adoption of its Ultium platform.
advertisement
UPDATED: January 11, 2021 00:22 IST
The new logo features a color gradient of vibrant blue tones, evoking the clean skies of a zero-emissions future and the energy of the Ultium platform.
HIGHLIGHTS
Invest $27 billion in EV products through 2025.
launch 30 new EVs globally by the end of 2025.