GM plans to end sales of gasoline powered cars by 2035

They also aim to be carbon-neutral by 2040.

By the numbers: GM said that tailpipe emissions account for 75% of its carbon footprint. The new pledge comes as the automaker has been speeding up rollout of new EVs, with a number of models hitting showrooms in the next several years.

The company plans to offer 30 all-electric models by the mid-2020s and says it's investing $27 billion over the next five years on electric and autonomous vehicle development.