GM Goes Green, Promises Revamped EV Line Up Along With Other Institutional Changes By Next Decade
American car manufacturing giant General Motors (GM) has announced that it would soon be all-green in the years to come, pledging to introduce an all-EV (electric vehicle) lineup by 2035.
GM follows suit with other car companies who have promised their commitments to go green in the first half of the 21st century.
However, experts agree that GM’s announcement shows that the automaker is aggressive with its move to go electric with its vehicle model offerings.
As the company’s official pronouncements say, GM is looking forward to ditching emissions from tailpipes of its new light-duty vehicles by the year 2035.
Analysts agree that this would mean that the company would eliminate combustion-driven engines.
But there’s one catch, though, GM’s company announcement only contained the word “aspiration” while detailing its vision.
This is completely different from a commitment that one could consider.
Currently, the company has only one EV model being offered in the market – the Chevy Bolt.
GM envisions that by the end of 2025, 40% of its models sold in the United States (U.S.) would all be EVs.
This indicates that consumers would be able to expect an EV iteration of some of their favorite GM vehicle models like the Celestiq, Chevrolet Bolt EUV, GMC Hummer EV, etc.
GM has also announced that its factories would also lower its carbon footprint and switch to the use of renewable energy to run them in the years to come.
Other carmakers that have also unveiled their plans to go green are Bentley, Volvo, Volkswagen, and Nissan, with varying degrees of adaptation and timelines.
Elon Musk’s Tesla is the only company to have a full portfolio of electric-powered vehicles.
Experts Weigh In
Several experts and individuals privy to the auto manufacturing industry shared their insights regarding the latest news from GM.
They all agree that making a move towards EVs makes sound financially sensible as different states in the U.S. as well as a handful of countries worldwide adopt and implement several new rules covering the sales of diesel-run engine cars.
A few years from now, many countries, which include EU member states, the United Kingdom, Canada, and major economies in the Asia Pacific region, are looking forward to phasing out cars that run on fossil fuel.
Back at home, states like California and Massachusetts will soon ask manufacturers to meet zero-emission standards by the next decade.
Another is that the market for EVs is projected to grow in the coming years, and GM is attempting to gear its company’s mechanisms to be able to partake in the changing trends.
Consumer analysis shows that a majority of Americans are open to the idea of owning an EV in the future.
This can be attributed to the lesser costs for a car owner to maintain an EV compared to a diesel-run car.
The move also makes the company’s image look good in the eyes of consumers.
The announcement comes at a time when many customers are fully aware of the effects of climate change and how one’s carbon emissions play a vital role in stemming its negative effects.
Analysts urge the company to walk the talk and make do to its promises such as promoting EVs more, change its manufacturing methods to accommodate renewable energy, and keeping manufacturing jobs.
About the company:
General Motors Company or simply known as GM, is a Detroit based multinational automobile company tracing back its roots more than a hundred years ago.
Its revenue in 2019 was down to $137.2 billion. Nevertheless, the company ranked 18th on the Fortune 500 list of the largest corporations in the United States by total revenue.
Editor’s Note on GM To Be All Electric By 2035 :
This article is published to inform you of the latest news coming from GM’s announcement of its plans to go green by the next decade.
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