Earlier this week automobile manufacturing giant General Motors unveiled plans for two new models of fully electric vehicles. What was really exciting however, was that the unveiling was accompanied by an announcement that the company is officially moving towards a zero-emissions all electric future.
The company has already slated 18 new electric vehicles to be in production by 2023, placing it at the crest of a wave sweeping the automotive industry. Companies such as Volvo, Jaguar, Land Rover, and Aston Martin have announced similar plans geared at steering into the green future.
General Motors is the largest vehicle manufacturing company on the planet, with sales of more than 10 million vehicles in 2016. The move by the company towards an all electric future is an extremely strong signal that the market is moving all out in that direction.
With emission regulation and increased taxes on carbon-based pollution becoming the norm in countries around the world, the electric automobile market appears ready to explode. Electric vehicles already make up a large minority of on-the-road consumer automobiles in many European counties and are making steady headway in most developed nations.
Electric vehicles are quickly becoming a staple in emerging markets such as China as well – GM sold more vehicles in China than it did in the United States last year in a trend that seems unlikely to reverse. With 10 new electric or hybrid models set to launch in China by 2020 GM is banking on these emerging markets to become increasingly interested in the electric car over traditional gasoline and diesel engines.
Brands such as Toyota and Tesla have pioneered the consumer electric vehicle and brought the technology to the kitchen table so to speak; GM now appears ready to make hay on changing mentalities of consumers worldwide.
This shift is not only powered by consumer preferences but also by effective carbon policy solutions from international and local authorities. It is clear that carbon taxation, emission taxation, favourable green technology policy, and other incentives to go green are causing companies and consumers alike to quickly adapt to green technology.
With ambitious goals such as a 2023 shift to majority electric vehicle manufacturing it is clear to see that a green vehicle future is well within sight. Through gas vehicles are likely to remain present on roadways throughout the world for a few decades to come the move towards all new vehicles being electric powered is a signal that the days of the fossil fuel consumer engine are in their twilight.
Green vehicle technology is poised to revolutionize the automotive sector, and the public increasingly looks eager to accept the change.
Brendan can be reached at:
Email: Bgsuch.env @ gmail.com
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