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    Analysis

    August 5, 2021

    President Biden, Automakers Call for 40-50% EV Sales By 2030

    Written by David Schollaert

    The Biden administration is calling for mass adoption of electric vehicles (EVs) by 2030, a target supported by major U.S. automakers such as General Motors, Ford and Stellantis. The goal, reinforced with an executive order from the president, bolsters the U.S. auto industry’s efforts to reach a 40-50% EV penetration within the next nine years.

    Ford and Stellantis have already confirmed goals for at least 40% EVs by the end of the decade, while GM earlier this year announced its ambition to exclusively offer all-electric and fuel-cell vehicles by 2035.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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