At President Joe Biden’s urging, the auto industry pledged to boost production of EVs to the point that they account for about half of total U.S. sales by 2030. Here are each major car maker’s stated plans for EVs:
At President Joe Biden’s urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.
See also: From gas savings to tax credits: 7 things to know about Biden’s new electric vehicle and mileage rulesHere are each major car maker’s stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market. BMW’s EV pipeline has slowed, but the auto maker has promised that 25% of its European sales will be all-electric and hybrid vehicles this year, and that all sales of its Mini brand will be battery electric by 2030. It expects to launch more than 10 battery EVs models in the next couple of years.Mercedes-Benz, owned by Daimler AG DAI, +0.04%, expects that between 15% and 25% of its sales will be comprised of EV sales by 2025; by 2030, that percentage is expected to grow to 50%.
GM has said that it will offer 30 all-electric models globally by mid-decade, and that 40% percent of the company’s U.S. models will be battery electric vehicles by the end of 2025. Its Hummer electric is expected for next year, with production starting this fall.The Japanese maker HMC, -0.64%, which owns the namesake Honda brand and also the luxury-car brand Acura, is projected to derive 40% of its sales from EVs and fuel-cell electric cars by 2030.
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