GM Throws More Money At Climate Change

Jul. 04, 2021 6:05 AM ET by Michael Butler Electric Vehicles / 15 Comments

In pursuit of 'equitable climate action.'

General Motors has taken a strong stance against climate change and is a major advocate for the proliferation of electric cars. The manufacturer plans on launching 30 new electric vehicles by 2030 and has dedicated billions of dollars to develop new eco-friendly tech, including big cash injections into its Ultium battery technology. While the company works on reducing its EV emissions even further, it has announced that it will be launching a new fund aimed at advancing climate equity, and is calling on other industry leaders for equitable climate action.

GM, which is getting ready to launch some exciting new models such as the new GMC Hummer EV, has launched a $25 million climate-equity fund to boost its $35 billion investment in EV and AV programs globally by 2025.

On Tuesday, GM Chair and CEO Mary Barra reaffirmed GM's commitment to advancing its zero-emissions vision. As part of this commitment, the company has pledged a further $25 million to help close equity gaps throughout the transition to electric vehicles and other sustainable technology. "Climate change does not impact every community equally. As we move to an all-electric, zero-emissions future, it is on us to lead positive change and implement inclusive solutions that bring everyone along, especially our employees and communities," Barra said.

Barra also highlighted four key areas of focus for equitable climate action. The first will focus on the future of work, and GM's continued commitment to the support of unions "to promote safety, quality, training, and jobs for American workers." Secondly, GM will focus on EV access, not only for the road-going consumer but also in other areas of transportation such as rail and aircraft applications. Infrastructure equity will also take the main stage: GM is committed to expanding its charging network. Finally, GM will assist organizations aimed at closing the climate equity gap across the EV spectrum, ranging from mobile access, infrastructure, and beyond. This holistic approach is one that more manufacturers should take on if the EV revolution is to truly succeed.

GM Throws More Money At Climate Change

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