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General Motors Releases Proposed Guidelines for EPA Emissions Standards

Industry: Vehicle Manufacturing
Current: ESG

GM, in collaboration with EDF, released a series of recommendations for EPA standards
Over the next five years, GM has agreed to supply up to 175,000 electric vehicles to Hertz Global
In 2021, GM declared its intentions to become carbon neutral by 2040

GM Supports Establishing Strict Emissions Standards for 2030

General Motors have released a series of recommendations to hasten the transition to an all-electric, zero-emission future for passenger vehicles in the model year 2027. GM developed the recommendations in collaboration with Environmental Defense Fund (EDF) to support the subsequent clean car standards of the Environmental Protection Agency (EPA).

The organizations urge the EPA to set emission standards to ensure that at least 50% of new cars sold by 2030 will be zero-emitting, reducing greenhouse gas emissions by at least 60% by the model year 2030 and eliminating tailpipe pollution from new passenger cars by 2035. Last year in 2021, GM declared its intentions to become carbon neutral by 2040. The company aims to eliminate tailpipe emissions from new light-duty vehicles by 2035.

Recent Deal Between General Motors and Hertz

General Motors has agreed to supply Hertz Global with up to 175,000 electrified vehicles over the next five years. According to the agreement, GM will begin providing electric vehicles such as the Chevrolet Bolt EV and Bolt EUV to the rental car giant starting from the first quarter of 2023. Newer EV models powered by the company's Ultium battery technology, including the Chevrolet Blazer, Chevrolet Equinox, and cars from GM's other brands, are anticipated to follow those models.

GM is the most recent automaker to sign such a deal with Hertz, following Tesla and Polestar. The deals for the two were for 100,000 and 65,000 automobiles, making GM's deal the biggest of the three. Such agreements would relieve GM of meeting its EV sales goals through individual customer sales, a market that Tesla Inc dominates.

GM is expected to substantially boost the production of all-electric vehicles in the upcoming years. The output of cars and trucks in North America rises along with the price of the battery cells that power them. The company aims to reach a production capacity of 1 million EVs in China and North America each by 2025.

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