General Motors Co said Thursday it was setting a goal to sell all its new cars, SUVS and light pickup trucks with zero tailpipe emissions by 2035, a dramatic shift by the largest U.S. automaker away from gasoline and diesel engines.
In a dramatic shift, the largest U.S. automaker Thursday set an ambitious public goal - to end the sale of gasoline and diesel-powered cars, SUVs and light-duty trucks by the year 2035.
General Motors also pledged to become carbon neutral by 2040.
The news comes just over a week after President Joe Biden took office, promising to reduce greenhouse gas emissions… And replace hundreds of thousands of government vehicles with electric models.
GM Chief Executive Mary Barra has aggressively pushed the company to embrace electric vehicles... saying in a statement the automaker had worked with the Environmental Defense Fund to (quote) "develop a shared vision of an all-electric future…” GM has a long way to go.
It sold 2 and a half million vehicles in the United States last year, only about 20,000 of which were EVs.
But GM said in November it was investing $27 billion in electric and autonomous vehicles over the next five years, up from $20 billion in earlier plans.
GM shares surged on the news - up as much as 7 percent - but gave back some of those gains by day’s end.
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
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President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs.
#JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia
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Apple Abandons Electric Car Efforts, , Reports Say.
Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .
Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .
Employees who were working on
the project, which has likely been in development for at least 10 years, .
will reportedly transfer to Apple's AI division. .
The tech giant is following a trend,
with investors’ enthusiasm for electric
vehicle investments waning, amid
the frenzy for all things AI. , Susannah Streeter, head of money and markets at U.K.-based
investing platform Hargreaves Lansdown, via CNN.
It’s vital that Apple stays one step
ahead in developing the tech people crave,
to justify its products’ high price points,
so fully exploring the opportunities AI
presents for its future ranges is essential, Susannah Streeter, head of money and markets at U.K.-based
investing platform Hargreaves Lansdown, via CNN.
While Apple never officially
confirmed its EV aspirations, .
it obtained several vehicle-related patents
and hired automotive executives over
the years, among other things.
In 2020, Elon Musk even said that he
once tried to sell Tesla to Apple. .
Meanwhile, iPhone manufacturer
Foxconn revealed plans to produce EVs, .
Meanwhile, iPhone manufacturer
Foxconn revealed plans to produce EVs, .
with CEO Young Liu telling CNN that the business model for such vehicles "should be reinvented."
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General Motors Strives to Be, Carbon Neutral by 2040.
The automaker announced its bold science-based
plan for carbon neutrality on Thursday.
General Motors is joining governments and companies..
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