”GS Paper – 3: Infrastructure, Indigenization of Technology, Growth & Development”
Why in News?
Recently, at least six major automakers — including Ford, Mercedes-Benz, General Motors and Volvo — and 31 national governments pledged to work toward phasing out sales of new gasoline and diesel-powered vehicles by 2040 worldwide, and by 2035 in “leading markets.”
Background:
With the increasing global trend to move towards green transportation, electric vehicles continue to set new global sales records each year and major car companies have recently begun investing tens of billions of dollars to retool their factories and churn out new battery-powered cars and light trucks.
Who took the Pledge?
Who abstained from taking the Pledge?
Is it a Legally Binding Pledge?
The pledge is not legally binding. But the announcement made by the companies and countries were seen in Glasgow as another indication that the internal combustion engine was on its way out, and battery-powered electric vehicles would rapidly gain road space around the world.
What is a Zero Emission Vehicle?
Transport Sector’s Contribution to Global CO2 Emissions:
Challenges Ahead:
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