WASHINGTON—Roughly half of all cars and light trucks sold in the U.S. by 2030 would be electric, hydrogen-fuel cell and plug-in hybrid vehicles under voluntary targets set to be announced Thursday by the Biden administration and backed by auto makers, contingent on government support.
In a joint statement, General Motors Co. , Ford Motor Co. , and Chrysler maker Stellantis NV said their commitment hinges on federal funding for manufacturing and supply-chain research and development, purchase incentives and an EV-charging network.
The auto makers said the voluntary targets for EV sales “can be achieved only with the timely deployment of the full suite of electrification policies committed to” by the Biden administration in the roughly $1 trillion infrastructure plan now moving through the Senate and related initiatives.
Electric vehicles sales made up about 3% of the total U.S. market in May and June, according to industry data. The auto makers said their commitment was to have electric, fuel cell and plug-in hybrid vehicles comprise 40% to 50% of sales by 2030, saying the action “represents a dramatic shift from the U.S. market today.”
Biden administration officials, however, said the president plans to sign an executive order setting a voluntary target of 50%.
