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General Motors plans to produce only electric cars by 2035

General Motors wants to end production of all diesel- and gasoline-powered cars, trucks and SUVs by 2035 and shift its entire new fleet to electric vehicles as part of a broader plan to become carbon neutral by 2040, the company said Thursday.

The company plans to use 100% renewable energy to power its U.S. facilities by 2030 and global facilities by 2035 — five years ahead of a previously announced goal.

For several years, GM has touted a guiding “triple zero vision,” including a future with zero emissions through electric vehicles, but it never announced a time frame. The other goals include zero congestion and zero crashes through advanced safety technologies and self-driving vehicles.

GM plans to release 30 new EVs globally by 2025 under a $27 billion investment in electric and autonomous vehicles during that time frame. It also previously announced expectations for a majority, if not all, of its luxury Cadillac cars and SUVs sold globally to be EVs by 2030.

CNBC