General Motors said it has committed $25 million to create a Climate Equity Fund, a grant program aimed at closing equity gaps in the transition to electric vehicles and other sustainable technologies.
The fund joins the U.S. auto manufacturer’s $35 billion by 2025 investment in EV/AV technology, and seeks project proposals that make improvements in four areas:
- The future of work: promotion of safety, quality, training, and jobs for American workers.
- EV access: equitable access of electric vehicles for Americans
- Infrastructure equity: equitable, ubiquitous access to EV charge points and addressing “charging deserts” and other scenarios that hinder EV ownership
- Climate equity: closing the equity gap in climate related problems for affected communities
GM said it will give preferential consideration to grassroots organizations working at the community level.
The announcement was made by CEO Mary Barra at the Aspen Ideas Festival. There, she said that GM aims to have no new internal combustion engine vehicles sold by 2035.
Barra also addressed concerns that EVs have fewer parts, which will result in fewer manufacturing jobs. Her solution: rely less on outsourced work, bring in more work internally. This may already be underway with GM having announced four U.S.-based battery cell manufacturing plants.
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