Black Friday Sale! 50% Off All Access

GM plans to Exclusively Sell Electric Vehicles By 2035 The largest U.S. automaker is ditching combustion for good.

By Jon Fingas

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

This story originally appeared on Engadget

GMC via engadget

GM isn't just planning to electrify many of its cars in the years ahead — it's ditching combustion engines entirely. As CNBC reports, GM has unveiled plans to completely eliminate tailpipe emissions from new "light-duty vehicles" (read: everyday cars) by 2035. While this technically offers an opening for hydrogen and similar zero-emissions powertrains, the U.S. automotive giant makes it clear that it wants an "all-electric future." If you're shopping for a GM group car in 2035, it'll be an EV.

The move is part of a larger plan to become carbon neutral by 2040, using "science-based targets" for its efforts. This includes moving to 100% renewable energy worldwide by 2035 (in the U.S. by 2030) and using carbon offsets "sparingly" when it can't reduce its CO2 output.

The new goal comes alongside recent and upcoming EV introductions, including the Hummer EV poster child, new Chevy Bolts and the Cadillac Celestiq. GM so far intends to offer 30 new EVs by 2025, and hopes that most or all Cadillacs will be electric by 2030.

Related: Electric Vehicle Stocks Are Already Soaring in 2021

GM has backed electric transportation for a while, but critics have accused it of shifting its focus depending on who runs the U.S. It supported the Trump administration's lawsuit attempting to strip California of its power to set independent fuel emissions rules, but backed out shortly after Joe Biden's election win. President Biden signed a series of pro-environment policies just a day before GM's announcement, including a review of fossil fuel developments. While GM might not have made a snap decision, it clearly knows that combustion engines won't have many fans at the White House.

The question is whether or not other American automakers will follow suit. Ford and Fiat Chrysler have talked about electrifying their lineups for years, but they have yet to set a cutoff point where EVs are the only options in dealerships. While GM's announcement may be as much about generating positive press as helping the planet, that might not be a problem if it spurs rivals to follow suit.

Jon Fingas is an associate editor at Engadget.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Here's How Much Money You Need to Make in Order to Be 'Successful,' According to Each Generation

A new survey by Empower outlines how Americans of different ages define success.

Starting a Business

This Sommelier's 'Laughable' Idea Is Disrupting the $385 Billion Wine Industry

Kristin Olszewski, founder of Nomadica, is bringing premium wine to aluminum cans, and major retailers are taking note.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Making a Change

The App That Makes You Think Like a CEO

Even Mark Cuban is on Headway—try it with our unbeatable price.

Starting a Business

Why Are So Many Course Creators Struggling if It's 'Such an Easy Business'? Here's the Truth Behind the $800 Billion Industry

Creating an online course is so easy — at least, that's what many "gurus" would like you to believe. There's a lot of potential in the $800 billion industry, but here's why so many course creators are struggling.

Growing a Business

Customers Want More Than Just a Product — Here's How to Meet Their Expectations

Creating a seamless, personalized experience is just as critical as having a great product or service, if not more so — it's the key to winning customers and keeping them loyal.