Ford, GM, and Stellantis announce joint 40-50% EV sale goal in 2030

19 Aug, 2021

Ford, GM, and Stellantis, also known as the Detroit Big Three, announced a joint goal for electric vehicles to achieve 40% to 50% of their sales in the US by 2030.

Over the last year, Ford, GM, and Stellantis (mainly Chrysler, Dodge, Ram, and Jeep in the US) each independently announced plans to accelerate the electrification of their respective vehicle portfolio.

GM says that it “aspires” to be fully electric by 2035. Ford recently announced a goal for 40% of its sales to be electric-vehicles by 2030. Stellantis said that it aims for “over 40% of sales in the United States to be low emission vehicle by 2030.”

Now, the Big Three got together to release a joint statement about their joint goal to “achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell, and plug-in hybrid vehicles) by 2030“.

The Biden administration already pushed for a $15 billion investment in electric vehicle infrastructure and transit as part of the infrastructure bill currently being pushed through the legislative process.

But the federal government is also expected to reform its EV incentive program, which currently gives up to $7,500 in tax credit at the purchase of some electric vehicles.

Source: CNBC

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