General Motors Plans To Go Green In US Could Happen 5 Years Sooner

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  • General Motors Co GM aims to power its U.S. facilities by entirely renewably sourced electricity by 2025, five years ahead of its initial goal.
  • GM plans to prevent 1 million metric tons of carbon emissions between 2025 and 2030 by the move.
  • GM is committed to investing $35 billion in electric and autonomous vehicles and will introduce over 30 electric vehicle models globally by 2025.
  • Additionally, GM collaborated with regional transmission organization PJM Interconnection and technology-enabled energy company TimberRock. They aim to track the real-time carbon emissions at GM’s facilities associated with electricity use.
  • GM would also participate in Breakthrough Energy Catalyst to bring together public and private sector partners to help advance technology commercialization. 
  • Price Action: GM shares traded lower by 0.23% at $52.83 on the last check Friday.
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