→ Model year 2024 Silverado EV available Fall 2023. Public Policy We have consistently and publicly advocated for climate action and awareness, as well as policies that address climate change through economy-wide, market-based carbon pricing mechanisms. Our global commitment to an all-electric, zero- emissions future is unwavering, regardless of the prevailing vehicle emissions standards in any region in which we operate. We advocated for passage of the Infrastructure Investment and Jobs Act (IIJA) by the U.S. Congress in 2021, as we believe it puts the United States on the path toward strengthening the economy and advancing innovation. The IIJA also lays the foundation for sustainability policies that will help address climate change and improve environmental quality and resiliency. GM supports those goals and, critically, we support those provisions, such as electric vehicle (EV) charging infrastructure, that accelerate the adoption of EVs and help to establish the United States as a global leader in electrification today and into the future. In August 2021, GM announced our plan to achieve sales of 40-50% of annual U.S. volumes of battery electric vehicles by 2030 in order to move the nation closer to a zero-emissions future consistent with the Paris Agreement. Demonstrating our readiness to engage in the climate policy debate, GM joined 41 other leading U.S. companies in signing a statement organized by the Center for Climate and Energy Solutions as part of its Climate Innovation 2050 initiative. The statement called upon the Biden Administration and Congress in 2021 to enact ambitious, durable and bipartisan climate solutions. We believe this should include an economywide market-based approach that puts a value on carbon, as well as transformative levels of federal investment in the country’s infrastructure—including EV chargers and the grid—to prepare for an electrified future. It is critical that EV mandates are matched to appropriate complementary policies that accelerate EV adoption and put the United States in a leadership position to transform the auto industry and supply chain. We are encouraged by the provisions on EV infrastructure, EV supply chain and EV battery manufacturing and recycling development contained in the IIJA. Several of the provisions contained within the bill are consistent with aspects of GM’s proposed National Zero Emissions Vehicle Program, first suggested by GM in 2018. We look forward to working with federal, state and local stakeholders to assist in the efficient distribution and use of these IIJA funds. To stimulate the rapid uptake of EVs, we continue to strongly support the extension and expansion of federal and state consumer rebates and tax incentives for new and used light- and heavy-duty EV purchase and lease, and charger installation. Global Fuel Economy and Emissions Regulation Emissions requirements have become more stringent around the world, driven by policy requirements in areas such as air quality, energy security and climate change. It is important that governments update their legacy regulations, like the Corporate Average Fuel Economy standards in the United States, to reflect the rapidly changing transportation and mobility landscape. Properly designed standards will allow the entire global industry to accelerate the pace of innovation and better prepare for an all-electric future. Learn more about GM’s public policy advocacy in our Public Policy Supplement . Skip Navigation Introduction Reducing Emissions Design for Environment Technology Customers Safety Diverse Workforce Human Rights Supply Chain Communities Governance 2021 SUSTAINABILITY REPORT 118