GM Is Going All Electric, Will Ditch Gas- and Diesel-Powered Cars

Chairman and CEO Mary Barra recently said the Detroit automaker sees a future of not just zero emissions, but also zero crashes and zero traffic congestion underpinned by autonomous vehicles.

M - GM has provided more details on its plans for a zero-emissions future, with Executive Vice President of Product Development, Purchasing and Supply Chain Mark Reuss stating that "General Motors believes in an all-electric future".

GM has previously announced plans to make some of its future electric vehicles capable of driving themselves in robot taxi fleets.

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GM joins a growing list of manufacturers who have, in recent months, announced plans to greatly expand their range of battery and fuel-cell vehicles.

GM said it intends to focus on further developing its SURUS, which stands for Silent Utility Rover Universal Superstructure, a fuel cell-powered, four-wheel steer concept vehicle on a heavy-duty truck frame.

The biggest U.S. automaker said it will introduce within 18 months two new models built on the learnings of the all-electric Chevrolet Bolt, which was launched in December 2016. It will require a two-pronged approach to electrification - battery electric and hydrogen fuel cell electric, depending on the unique requirements. A future with more electric cars would be a future with a declining market share for oil.

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India's Tata Motors has won a bid to manufacture thousands of electric cars for the government as part of a push to promote battery-powered vehicles as the nation grapples with soaring pollution levels. Reuss said that the next version is going to be better than the one GM has on the road today. He said that by the 2023 target date for the new electric models, GM will still be building cars, trucks and SUVs with internal combustion engines.

GM's announcement is the latest in a string of statements from big automakers promising a broad transition to electric vehicles over the next decade or so. As for specifics, I expect that we'll learn more about the first of GM's upcoming electric vehicles over the next few months.

GM said its future electric vehicles will utilize batteries or hydrogen fuel cells.

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GM finished 2016 as the world's third-largest auto-seller, breaking previous company records with 10 million vehicles sold, according to the company's news release. The Motley Fool has no position in any of the stocks mentioned.


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