The New York Times calls it the most ambitious plan in the auto industry. Indeed. The internal combustion engine, the driver of the world economy for more than a century will soon make way for all-electric vehicles.

The Washington Post writes: GM chief executive Mary Barra, who antagonized many climate experts by embracing President Donald Trump’s relaxation of fuel efficiency targets, said the company was eliminating all tailpipe emissions from light duty vehicles by that date. “As one of the world’s largest automakers, we hope to set an example of responsible leadership in a world that is faced with climate change,” she said on LinkedIn.

GM is spending $27 billion over the next five years to develop new models of electric vehicles. CNBC reports that this is “part of a broader plan to become carbon neutral by 2040.”

The company plans to use 100% renewable energy to power its U.S. facilities by 2030 and global facilities by 2035 — five years ahead of a previously announced goal.

This news comes just a day after President Joe Biden signed a series of emergency climate change orders. One of his plans involves reducing carbon emissions to 0 percent by 2035