Electric vehicles look to be the auto industry’s fastest-growing segment today. According to the International Energy Agency, they account for a reasonable share of automobile sales and 3% of total global services because they are equipped with current technologies and enhanced environmentally friendly versions. Electric vehicles have made an impression on the luxury models that dominate the market.
And the good news is General Motors (GM) has announced that by 2025, it will phase out all petroleum-powered cars and trucks and only sell zero-emission vehicles. GM is one of the most well-known and well-known automakers, earning billions of dollars through automotive services. This transition will be a watershed moment for utility vehicles.
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What Are The Primary Factors Planned By GM?
President Biden has signed an executive order directing the Environmental Protection Agency and the Transportation Department to reinstate the fuel economy rules by the administration. This law requires the federal government to purchase all Electric vehicles.
The new goals are applicable for the recent and upcoming EV introductions, including Hummer EV poster child, new Chevy Bolts, and the Cadillac Celestia. Bay Area GMC service deals with all these models, and you can check it out if needed. GM now intends to offer 30 new EVs by 2025, aiming to make most of the Cadillacs electrified by 2030.
GM has backed electrical transportation for a while and is supported by the Trump administration’s lawsuit to strip California of its power to set independent emission rules. It aims to cut emissions by transitioning the battery-powered vehicles or other zero-emissions technologies. This move will require an investment of $27 billion and up from the $20 billion before the pandemic.
What Will Be The Impact Of The Zero-Emissions Vehicles Scheme?
We can visualize the zero-emissions vehicle scheme in positive and negative aspects. Let’s take a closer look into it.
1.Builds Strong Ties Between The Makers And The Government
This move is sure to impact the auto industry between the car and the makers of the vehicle. About one million people in the United States in 2019 got into the automobile firms. This advancement can significantly impact the oil and gas sector closely tied with the internal combustion engine.
2. Hamper The Employment Sector To Some Extent
A rapid shift by GM can even lead to several job losses and failures in different businesses, in different areas and sectors. The need for transmissions and oil fueling can be avoided in electric cars. Hence the conventional service stations have to retool their strategies, putting traditional manufacturing jobs at risk.
3. Improve Job Opportunities In Manufacturing Areas
The most beneficial aspect of electric cars is that they can boom in battery manufacturing, mining, and charging stations offering decent employment.
4. Improved Environment With Less Pollution
With the tag of being carbon-free, this program aims to provide a better solution to make a greener and cleaner world around us by joining with the government and companies.
GM’s decision to switch to electric cars is a part of a broader plan to see the environment become carbon neutral by 2040. It is quite an unusual step to encourage people to follow suit and significantly impact the industry standards with economic outputs. However, some disputes may be seen from the competitors in general. So let’s hope for a better environment with less pollution.
