GM, Ford, Stellantis and other auto makers will aim to make electric vehicles account for 40% to 50% of their U.S. sales by 2030, according to people familiar with the matter
Auto makers including General Motors Co. , Ford Motor Co. and Jeep maker Stellantis NV will aim to make electric vehicles account for 40% to 50% of their U.S. sales by 2030, according to people familiar with the matter, who said the targets would be announced at the White House on Thursday.
“This industry’s going to spend $330 billion over the next five years on electrification alone,” said John Bozzella, president of the Alliance for Automotive Innovation, the lobbying group for auto makers and suppliers, at a conference Wednesday. “Even in Washington, D.C., that is real money.”
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