GM promises to leave no one behind as it moves to an all-electric future

General Motors says it wants to make sure all of its customers and its employees are included in its transition to an all-electric car company. 

On Tuesday, GM CEO Mary Barra made several promises to achieve that goal, including announcing the creation of a $25 million Climate Equity Fund.

By equity, that means no one is left behind as GM transforms the company. The idea is that all people have access to electrification regardless of socioeconomic status, race or other situations. It means that electrification will benefit society, said Jessica James, a GM spokeswoman.

The Renaissance Center in downtown Detroit sits in the background along the Detroit RiverWalk on March 11, 2021.

“Climate change does not impact every community equally,” Barra said at the Aspen Ideas Festival. “As we move to an all-electric, zero-emissions future, it is on us to lead positive change and implement inclusive solutions that bring everyone along, especially our employees and communities.”

The new fund will be used to support programs that help people and communities that are more likely to disproportionately experience the effects of climate change. 

“We know 80% of EV owners today charge at home,” said Gerald Johnson, GM’s executive vice president. But, Johnson said, GM also realizes that many people don’t have a residence where they can charge a vehicle.

Johnson said that GM supports an EV tax credit incentive that would include used electric cars, “to broaden the access” to EVs for more consumers.

“We have an imperative to leave the world a better place than we found it,” Johnson said.

As part of its transition, Johnson also said GM will continue to retool its U.S. and global assembly plants to move from internal combustion vehicles to EV, though he did not provide specifics.  

“We will be converting our sites over from ICE products to EVs,” Johnson said. “We will be converting our propulsion plants over to battery,” too, in the coming years.