General Motors has announced a new goal to become carbon neutral by 2040. The goal also includes the notion of offering a tailpipe-free fleet by 2035, meaning the days of gas-powered GM products are now numbered.
GM CEO Mary Barra announced the initiative in a LinkedIn post. The chief executive referred to the goal of a tailpipe-free fleet as an “aspiration” associated with its light-duty vehicles. Such a lofty goal would mean GM intends to have all-electric light-duty trucks and performance cars by that time. Though Barra notes that some vehicles may not be ready for a carbon neutral world within those timelines.
“Where removing emissions is not possible—for example if the technology does not yet exist in those timeframes—we will compensate for those emissions through carbon credits or carbon capture,” Barra said in her post.
Barra also confirmed plans to rollout 30 battery-electric vehicles by 2025. The rollout will cost the company around $27 billion.
GM says the goals are their effort to adhere to the provisions of the Paris Climate Accord signed back in 2015. The agreement aims to limit global temperatures from rising more than 2 degrees Celcius. President Biden recently signed the U.S. back into the Paris Climate Accord through executive action. Former President Donald Trump has removed the U.S. from the agreement.
Today’s announcement comes off the heels of significant announcements from GM at this year’s Consumer Electronics Show. The announcements all centered around electrification, including the BrightDrop brand of electric logistics vehicles. GM’s stock has hit new highs since the CES announcements.
The CES announcement showcased several of GM’s upcoming EV’s, which will be based on their Ultium battery architecture. The most notable EV being the 2022 GMC Hummer EV, while Cadillac has shown the Lyriq crossover and previewed the Celestiq sedan.