GM eyes ending selling of gasoline, diesel-powered cars, SUVs, light trucks by 2035

In an attempt to shift from gasoline and diesel engines to being carbon neutral, the U.S.’ largest automaker, General Motors, announced on Thursday its goal of selling all its new cars, SUVs, and light pickup trucks with zero tailpipe emissions by 2035.

Just several days after President Joe Biden stepped into the White House vowing to take on greenhouse gas emissions and boost sales of electric vehicles, General Motors announce its big leap.

In 2020, GM sold 2.55 million vehicles in the United States, including only 20,000 electronic vehicle units, the Chevy Bolt hatchback. Last November, the automaker said it was investing $27 billion in electric and autonomous vehicles over the next five years.

With this development, GM’s stock, which soared as much as 7.4% on Thursday, ended adding 3.5%.

Moreover, GM also said it will source 100% renewable energy to power its U.S. sites by 2030 and global sites by 2035, five years ahead of an initial goal.