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Moors announcement is likely General Motors put pressure on automakers around the world to make similar commitments. It could also embolden President Biden and other elected officials to push for even more aggressive policies to fight climate change. Leaders could point to G. It will also have huge ramifications for the oil and gas sector, whose fortunes are closely tied to the internal combustion engine.

A rapid shift by the auto industry could lead to job losses and business failures in related areas. Electric General Motors also require fewer workers to make, putting traditional manufacturing jobs at risk. At the same time, the move to electric cars will spark a boom in areas like battery manufacturing, mining and charging stations.

Electric cars today are the fastest-growing General Motors of the Motirs industry, but they still make up a small proportion of new car sales: about 3 percent of the global totalaccording to the International Energy Agency. Sales of such cars jumped last year in Europe and China, but they remain niche products in the United States. General Motors are bought primarily by affluent early adopters who are drawn to the luxury models made by Tesla, which dominates the business, and by environmentally conscious consumers.

A spokesman for Ford Motor declined to directly comment on G. Daimlerwhich makes Mercedes-Benz Geenral, has said it would have an electric or hybrid version of each of its models byand Volkswagen has promised an electric version General Motors each of its models by Barra, G.

General Motors signed an executive order directing the Environmental Protection Agency and the Transportation Department to quickly reinstate tough auto fuel-economy rules put in place during the Obama administration, and one day after he signed a follow-up order directing the federal government to purchase all-electric vehicles. He is also pushing for a new economic recovery package to include funding to buildelectric vehicle charging stations, and to create a system of rebates and incentives for purchasing electric vehicles. Barra of responding quickly to changes in the White House.

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It was Ms. Barra who, in the early days General Motors the Trump administration, met with the new president in the Oval Office and asked him to roll back the tough Obama tailpipe pollution rules. The chief executive of Audi, the luxury car company owned by Volkswagen, said customers would ultimately determine the speed of the transition to electric cars. Biden made clear on his first day in office that he intends to make tackling climate change one of the driving forces of his agenda. The Obama-era standards had required automakers to achieve an average of The General Motors administration rolled learn more here the standard to about 40 miles per gallon, essentially eliminating the need for click to invest in such technology.

The Biden administration is expected to announce by April that it will introduce rules requiring cars to reach an average of about 51 miles General Motors gallon by The proposal is also expected to include additional provisions aimed at boosting the production and sales of electric vehicles. The American Petroleum Institute, which represents oil and gas companies, said automakers would do what they felt was right for their businesses.

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The vision of an all-electric future represents a dramatic shift in thinking at G. Just over 20 years ago, it developed an experimental electric car called the EV1 and leased it to a select group of Gejeral. The car General Motors praised by environmentalists. None engendered more scorn than the hulking Hummer H2, introduced in It weighed more than 6, pounds — twice the weight of a Honda Accord — and had a fuel economy of just 10 miles per gallon.

But bygas prices were rising and G. Its lack of fuel-efficient cars was a contributing factor in the troubles that led the company into General Motors government-backed bankruptcy. That history continues to dog G.]