PYMNTS-MonitorEdge-May-2024

GM: Nationwide Effort Could Result In 7M Electric Vehicles

GM: Effort Could Result in 7M Electric Vehicles

To get more electric vehicles on the road, General Motors wants the Trump administration to get behind an effort to increase the sale of electric vehicles (EVs). The automaker said that seven million electric cars could be on America’s roads when 2030 rolls around, with a national program based on California’s clean vehicle effort, Reuters reported.

In Europe and Asia, GM Product Chief Mark Reuss said that industries and governments “are working together to enact policies now to hasten the shift to an all-electric future.” For the U.S., Reuss noted that “America has the opportunity to lead in the technologies of the future.” As it stands, GM intends to offer 20 EVs around the world as of 2023.

Reuss said that a mandate could decrease use of fuel and bring more jobs, while making EVs “more affordable.” At the same time, GM is seeking the inclusion of EV and ride-sharing vehicle incentives in the effort.

The news comes as Maven, the car-sharing platform run by GM, announced in July the launch of a peer-to-peer car-sharing beta that allows GM owners to earn money by renting out their personal vehicles. Maven is an on-demand mobility sharing service available through an app. It offers city station-based car sharing, which makes vehicles available to rent for round trips by the hour, day or month; university campus sharing, where cars are available on campus for students to rent; and Maven Gig, which allows cars to be rented by the week for rideshare and delivery drives.

The new offering enables owners and eligible lessees to earn money by renting their Chevrolet, Buick, GMC or Cadillac car or truck model — year 2015 and newer — to driving members. The service was available in Chicago, Detroit and Ann Arbor, Michigan as of July.

PYMNTS-MonitorEdge-May-2024