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

29.01.2021 - Evdokimov Roman
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.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?