General Motors plans to be carbon neutral by 2040

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General Motors, which is the largest automaker in the United States, has announced its plans to be carbon neutral by 2040.

The company said it has committed to setting science-based targetsⁱⁱ to achieve carbon neutrality. It has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a global coalition of UN agencies, business and industry leaders.

Mary Barra, GM Chairman and CEO, said, “General Motors is joining governments and companies around the globe working to establish a safer, greener and better world.”

Barra added: “We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”

Apart from GM’s carbon goals, the company worked with the 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 automaker’s focus will be offering zero-emissions vehicles across a range of price points and working with all stakeholders, including EDF, to build out the necessary charging infrastructure and promote consumer acceptance while maintaining high quality jobs, which will all be needed to meet these ambitious goals.

All-new light duty vehicles

According to Environmental Defense Fund President Fred Krupp, “With this extraordinary step forward, GM is making it crystal clear that taking action to eliminate pollution from all new light-duty vehicles by 2035 is an essential element of any automaker’s business plan.”

He added, “EDF and GM have had some important differences in the past, but this is a new day in America — one where serious collaboration to achieve transportation electrification, science-based climate progress and equitably shared economic opportunity can move our nation forward.”

GM will offer 30 all-electric models globally by mid-decade and 40 percent of the company’s U.S. models offered will be battery electric vehicles by the end of 2025. GM is investing $27 billion in electric and autonomous vehicles in the next five years – up from the $20 billion planned before the onset of the COVID-19 pandemic.

More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. And in the years to come, GM plans to offer an EV for every customer, from crossovers and SUVs to trucks and sedans.

(With inputs from Automotive Lead Research Team)

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