On Thursday, Ford, GM and Stellantis announced their shared aspiration to achieve sales of 40-50% of annual US volumes of electric vehicles (EVs) by 2030 to move the country closer to a zero-emissions future consistent with Paris climate goals. The EVs comprise fuel cell and plug-in hybrid vehicles.
In a joint statement, the three companies said, 'Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the US transition to EVs. This represents a dramatic shift from the US market today that can be achieved only with the timely deployment of the full suite of electrification policies committed to by the Administration in the Build Back Better Plan, including purchase incentives, a comprehensive charging network of sufficient density to support the millions of vehicles these targets represent, investments in R&D, and incentives to expand the electric vehicle manufacturing and supply chains in the United States.'
With the UAW at their side in transforming the workforce and partnering with them on this journey, the companies believe they can strengthen continued American leadership in clean transportation technology through EV innovation and manufacturing. 'We look forward to working with the Biden Administration, Congress and state and local governments to enact policies that will enable these ambitious objectives,' the statement added.