GM Motors, the iconic American car maker, has pledged it will stop selling fossil fuel powered vehicles by 2035. Over the next decade it will significantly ramp up production of electric vehicles as part of a wider driver to achieve carbon neutrality across its operations by 2040. In making the announcement GM’s Chief Executive said “General Motors is joining governments and companies around the globe working to establish a safer, greener and better world. We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”
So what?
The announcement is the first of it’s kind from an American car maker and is further evidence that a tipping point has been reached in the move towards electric vehicles and away from the internal combustion engine. Conventional American car makers have seen their market capitalisation outstripped by system disrupter Tesla as policymakers have thrown their weight behind the transition to electric vehicles.
Photo by Paolo Nicolello on Unsplash
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