Phase out light vehicles

The chief technology officer of Volvo, for instance, declared that internal combustion engine vehicles had no future in the long run. Following their announcement that they will solely offer electric vehicles by 2030, Volvo stated they were “firmly committed to being an electric-only car producer and the changeover should happen by 2030.”

According to GM CEO Mary Barra, “after one of the most challenging years in recent history, we think that this moment will prove to be an inflection point, the time when our global reliance on petrol- and diesel-powered vehicles will begin transitioning to an all-electric future;” Later same month, the firm declared its intention to completely get rid of tailpipe emissions from new light-duty cars by 2035.

After seeing a threefold increase in its electric vehicle sales the previous year, Volkswagen (VW) reiterated GM’s assessment, claiming that “2020 marks a turning point in customer sentiment.”

The main trade association for the American auto industry, Alliance for Automotive Innovation, declared that the sector “is aligned with the Biden Administration’s goals to achieve net-zero carbon transportation and an accelerated shift to electric-drive vehicles, and is committed to working with the administration on a revised national programme that includes California and brings all automakers under a single set of common requirements.”

Source: ERM

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