The electric vehicle boom is heating up – and fast.
Not only do world leaders want millions of them on the roads to combat climate change, top auto companies are hoping to achieve sales of 40% to 50% of annual U.S. volumes of EVs by 2030, as noted in a General Motors (NYSE:GM) press release.
That’s great news for companies such as NEO Battery Materials Ltd. (TSXV:NBM)(OTC:NBMFF), Tesla Inc. (NASDAQ:TSLA), Volkswagen (OTC:VWAGY), and Romeo Power Inc. (NYSE:RMO).
In addition, the company added, “General Motors is committed to a zero-emissions, all-electric future and has charted a path which aspires to eliminate tailpipe emissions from new light-duty vehicles by 2035. We are pleased to join in today’s joint statement of a shared aspiration of achieving 40-50% of annual U.S. sales volumes of electric vehicles by 2030. For GM, that means battery electric vehicles. To reach the high end of this range, we will continue to work with the Biden Administration, Congress, and state and local governments for implementation of supportive policies for the benefit of our workforce, our dealers, our customers and their communities.”