In order to make their ambitious goal a reality, GM will introduce two new electric models within the next 18 months and at least 18 more by 2023. Other carmakers, foreign and domestic, have taken on similar pledges. Volvo will ensure all its models incorporate an electric component starting in 2018, and Volkswagen just announced plans to invest $20 billion to develop more EVs. With these commitments in mind, forecasters are now saying at least 50 new electric car models will be available by 2022. This is also the year that Bloomberg predicts the cost of an electric vehicle will fall below that of a conventional car.
While electric vehicles still account for only 3 percent of new cars on the road in the United States, they're definitely gaining traction among consumers. A new report found that between January and August 2017, used electric cars sold 27 percent faster than conventional ones on average. According to Reuss, in order to speed this momentum even further, our infrastructure needs to catch up.
"This is more than building electric vehicles. You can’t just flip a switch and make the world go electric," he said in the news conference.
With plans to build dozens of new charging stations in New York and California under way, here's hoping gas stations soon become a thing of the past.
Not ready for an EV but want to help out the environment in other ways? Check out this primer on how to switch over to renewable energy at home. And in the meantime, take some action on climate change from your desk!