WASHINGTON — Common Motors President Mark Reuss mentioned Thursday the U.S. authorities ought to prolong new funding tax credit for electrical automobile manufacturing and provide chains and increase client incentives to electrical automobile purchases, together with for used automobiles.
In a LinkedIn publish, Reuss additionally known as on U.S. policymakers to take a position “in infrastructure that features fast-charging stations, significantly in city areas and alongside freeway corridors.”
In January, GM mentioned it was setting a dramatic objective to promote all its new automobiles, SUVs and lightweight pickup vehicles with zero tailpipe emissions by 2035, a dramatic shift by the most important U.S. automaker away from gasoline and diesel engines.
“2021 is the tipping level towards EVs,” Reuss mentioned Thursday in his publish.
Reuss additionally known as once more for the $7,500-EV tax credit score to be prolonged to extra automobiles. GM hit the 200,000 cumulative EV automobile gross sales threshold in late 2018 and the credit score totally expired for all GM EV consumers in April 2020.
GM offered 2.55 million automobiles in the USA final yr, however solely about 20,000 had been EVs, together with the Chevy Bolt hatchback. It mentioned in November it was investing $27 billion in electrical and autonomous automobiles over the subsequent 5 years, up from $20 billion deliberate earlier than the coronavirus pandemic.
Whole U.S. EV gross sales in 2020 fell to 296,000, down from 331,000 in 2019, in keeping with S&P World Platts, accounting for two p.c of whole U.S. automobile gross sales.
President Joe Biden has known as for 500,000 new charging stations to hurry electrical automobile adoption and backs increasing tax credit for shoppers and for retool factories to construct EVs and elements.
Throughout a Washington Publish discussion board Thursday, Reuss mentioned the corporate was targeted on EVs.
“We undoubtedly guess the longer term on battery-electric automobiles – not plug-in hybrid electrical automobiles,” Reuss mentioned. “We’re going all the way in which. We’re going as quick as we are able to. That is the guess we have now.”
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