FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor’s autonomous electric Bolt EV is displayed in Detroit. General Motors’ self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services. The move announced Wednesday, Dec. 9, 2020, by GM-owned Cruise come two months after the company received California‚Äôs permission to fully driverless cars in the state. (AP Photo/Paul Sancya, File)

FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor’s autonomous electric Bolt EV is displayed in Detroit. General Motors’ self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading ride-hailing services. The move announced Wednesday, Dec. 9, 2020, by GM-owned Cruise come two months after the company received California‚Äôs permission to fully driverless cars in the state. (AP Photo/Paul Sancya, File)

General Motors sets goal of going largely electric by 2035

GM to invest $27 billion in electric and autonomous vehicles in the next five years

General Motors has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

The Detroit automaker’s push into electric vehicles has gone into overdrive this year.

GM has already announced that it will invest $27 billion in electric and autonomous vehicles in the next five years, a 35% increase over plans made before the pandemic. It will offer 30 all-electric models worldwide by the middle of the decade. By the end of 2025, 40% of its U.S. models will be battery electric vehicles. The company plans to include crossovers, SUVs, sedans and trucks in its electric vehicle lineup.

GM said Thursday that it will source 100% renewable energy to power its U.S. sites by 2030 and global sites by 2035. That’s five years faster than its previously announced global goal.

And it has a goal of making all new light-duty vehicles, the vast majority of its fleet, fully electric within 14 years. The company will concentrate on offering zero-emissions vehicles in different prices ranges. It’s also working with others, including the Environmental Defence Fund, to build out the necessary infrastructure to power its electric vehicles and to promote their use.

To account for carbon emissions that it cannot eliminate, GM expects to invest in carbon credits or offsets

The 112-year-old auto giant unveiled a new corporate logo this month to signify its new direction as it openly pivots to electric vehicles. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs.

GM scrapped its old square blue logo for a lower case gm surrounded by rounded corners and an ‘m’ that looks like an electrical plug.

It also announced a new partnership with Microsoft this month with hopes of accelerating its rollout of electric, self-driving cars.

GM’s push for carbon neutrality comes a day after President Joe Biden signed executive orders that include moving to an all-electric federal vehicle fleet. His goal is to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one.

So far, Wall Street has cheered the shift by GM which says the industry has reached a history-changing inflection point for mass adoption of electric vehicles.

Its shares this year have outpaced even high-flying Tesla, rising more than 20% to date. Shares rose almost 2% Thursday.

By The Associated Press

Electric vehicles

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Health Minister Tyler Shandro announced updated health measures Monday which are now in place for retail, hotels and community halls, performance groups, and youth sports as part of Step 2 of Alberta’s reopening plan. (File photo by Government of Alberta)
COVID restrictions for retail, sports and performers further eased

Occupancy in stores and malls boosted to 25 per cent from 15 per cent

The City of Red Deer sits at 249 active cases of the virus, after hitting a peak of 565 active cases on Feb. 22. (Black Press file image)
Active COVID cases in Red Deer continue to decline

249 cases in Red Deer, down from 565 peak on Feb. 22

(File photo)
Five Olds College students semi-finalists in marketing pitch competition

Winner of Second Annual UFA Student Pitch Competition to be announced April 13

Nordegg residents, including retired fisheries biologist Vance Buchwald, are concerned this kind of coal mining could start up in the wilderness area. (THE CANADIAN PRESS/AP/Mead Gruver, File).
Biologist urges Clearwater County to take a stand against Nordegg coal mining

Vance Buchwald said there’s no future in coal, the county should back eco-tourism

Quentin Lee Strawberry Photo from RCMP
Updated: Bleeding man came to door frantically calling for 911 help, neighbour testifies in murder trial

Quentin Strawberry on trial for second-degree murder accused of killing Joseph Gallant in 2019

Ben King scores for the Red Deer Rebels during the third period of a Western Hockey League game against the Calgary Hitmen at the Westerner Park Centrium Saturday. (Photo by Rob Wallator/Red Deer Rebels)
Rebels complete comeback to pick up first win of season

Rebels 3 Hitmen 2 (OT) The Red Deer Rebels were able to… Continue reading

Edmonton Oilers' Connor McDavid (97) checks Ottawa Senators' Chris Tierney (71) during third-period NHL action in Edmonton on Monday, March 8, 2021. THE CANADIAN PRESS/Jason Franson
Oilers open three-game homestand against Senators with 3-2 victory

Oilers open three-game homestand against Senators with 3-2 victory

Dave Mercer poses in this undated handout photo. Fishing is Dave Mercer's passion. When he's not taping episodes for his fishing show, 'Dave Mercer's Facts of Fishing,' doing his podcast and weekly fishing tips, he can usually be found on the water. Mercer is also in his 11th year as an MC for the Bassmasters Classic and Elite Series and after watching Canadians Chris Johnston, of Peterborough, Ont., and Jeff Gustafson, of Kenora, Ont., capture tournament this in less than a year, Mercer is confident the third Canadian on the tour, Johnston's older brother, Cory, will win a circuit event either this year or next. THE CANADIAN PRESS/HO - Dave Mercer Outdoors Inc.
Bassmasters Elite Series MC Dave Mercer enjoying Canadians’ success on circuit

Bassmasters Elite Series MC Dave Mercer enjoying Canadians’ success on circuit

Meghan McPeak, left, and Randy Urban do play-by-play for the Raptors 905 team in Mississauga, Ont., on Wednesday, January 25, 2017. THE CANADIAN PRESS/Nathan Denette
Toronto Raptors using all-female broadcast crew for televised game later this month

Toronto Raptors using all-female broadcast crew for televised game later this month

Toronto Six get another crack at Isobel Cup women’s hockey championship

Toronto Six get another crack at Isobel Cup women’s hockey championship

Canada's Mikael Kingsbury celebrates after finishing first in the final of the World Cup men's dual moguls skiing competition, Friday, Feb. 5, 2021, in Deer Valley, Utah. Canadian moguls star Kingsbury captured a gold medal for the fifth time at the world championships today.THE CANADIAN PRESS/AP/Rick Bowmer
Mikael Kingsbury wins world men’s moguls championship

Mikael Kingsbury wins world men’s moguls championship

A Canadian Premier League soccer ball is shown on a podium in this undated handout photo. THE CANADIAN PRESS/HO, Canadian Premier League/Chant Photography *MANDATORY CREDIT*
Canadian Premier League offers first look at its bottom line

Canadian Premier League offers first look at its bottom line

Team Manitoba skip Jason Gunnlaugson directs his team as he plays Team Wild Card One at the Brier in Calgary, Alta., Monday, March 8, 2021.THE CANADIAN PRESS/Jeff McIntosh
Alberta’s Bottcher hands Wild Card Three’s Middaugh his first loss at the Brier

Alberta’s Bottcher hands Wild Card Three’s Middaugh his first loss at the Brier

Rheal Cormier, left, receives his jacket from Ferguson Jenkins during his induction to the Canadian Baseball Hall of Fame in St. Marys, Ont., on June 23, 2012. THE CANADIAN PRESS/Dave Chidley
Former Canadian major-leaguer Rheal Cormier dies after battle with cancer

Former Canadian major-leaguer Rheal Cormier dies after battle with cancer

Most Read