American car firms aim for EV sales push, GM nets strong H2 income

Recently, American car companies Ford, General Motors (GM), and Stellantis announce their shared aspiration to achieve sales of 40-50 percent of annual US volumes of electric vehicles (battery electric, fuel cell, and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals. 

"This represents a dramatic shift from the US market today that can be achieved only with the timely deployment of the full suite of electrification policies committed to by the (US government) in the 'Build Back Better Plan,' including purchase incentives, a comprehensive charging network of sufficient density to support the millions of vehicles these targets represent, investments in R&D, and incentives to expand the electric vehicle manufacturing and supply chains," GM said in a statement.

"With the UAW (automotive workers' labor union) at our side in transforming the workforce and partnering with us on this journey, we believe we can strengthen... clean transportation technology through electric vehicle innovation and manufacturing," the company which owns Chevrolet, among other brands, added. 

Meanwhile, GM raked in US$34.2 billion in revenue and US$4.1 billion net income. The strong second-quarter earnings were realized while the company continued to accelerate its EV and autonomous vehicle growth initiatives. "The company successfully prioritized production of its highest demand vehicles, gained significant retail market share in the full-size pickup segment" in the North American market. 

Mobility provider Stellantis owns American brands such as, Chrysler, Fiat, Jeep, Ram, and Mopar and SRT. Under the GM umbrella are Chevrolet, Buick, Cadillac, and GMC, which will produce the Hummer EV (below).

Photos from GM, Ford, Stellantis 

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