U.S. automakers say they hope to reach 50% of electric vehicle sales by 2030

[ad_1]

3/3

© Reuters. File photo: On March 16, 2021, the new General Motors logo can be seen on the exterior wall of General Motors headquarters in Detroit, Michigan, USA. REUTERS/Rebecca Cook

2/3

David Shepson

Washington (Reuters)-According to sources with knowledge of the situation, Detroit’s three major automakers plan to announce on Thursday that they hope that by 2030, electric models will account for 40% to 50% of new car sales.

The White House plans to hold talks with President Joe Biden and the CEOs of General Motors (NYSE:), Ford Motor Company (NYSE:) and Chrysler’s parent company Stellatis NV on Thursday on electric vehicles and fuel. Economic standard activities. This week, the government plans to propose revisions to fuel economy requirements for the 2026 model year.

On Wednesday, the three automakers declined to comment, and the White House also declined to comment.

According to a Reuters report last week, the government has been urging automakers to support voluntary commitments that at least 40% of new car sales by 2030 are electric vehicles because of its commitment to reducing greenhouse gas pollution.

Biden rejected calls from many Democrats to set binding targets for electric vehicle adoption or follow California’s 2035 as the date to phase out sales of new gasoline-powered light-duty vehicles.

According to sources, automakers’ target totals include all-battery electric, plug-in hybrid vehicles (also with gasoline engines) and hydrogen fuel cell models.

Automakers will make it clear in the joint statement that aggressive electric vehicle goals depend on additional government support for electric vehicles and the charging industry. The source said that before Thursday, the wording of the statement may still be changed.

The government also plans to announce proposed revisions to the 2026 vehicle emission standards this week.

Last month, Stellattis stated that its goal is that by 2030, more than 40% of the cars in the United States will be low-emissions.

General Motors has stated that it hopes to stop selling new US gasoline-powered light vehicles by 2035. Ford stated that it plans to “by 2030, at least 40% of our global car sales will be fully electric.”

Disclaimer: Converged Media I would like to remind you that the data contained in this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers. Therefore, prices may be inaccurate and may be different from actual market prices. This means that prices are indicative. Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.



[ad_2]

Source link