Ford and Fiat Chrysler recently announced plans to build electric vehicles and components at Canadian factories, and Volkswagen, the world’s top-selling automaker, is increasing its EV spending and models. He said the company will build its own batteries to take advantage of economies of scale as more electric vehicles are sold. As sales volumes rise for that mass-market SUV, that will help GM offer electric vehicles at even lower prices, he said. By 2030, Deloitte predicts that total electric and plug-in sales will rise to 31.1 million, or 32% of global new vehicle sales. The firm estimates that fully electric vehicle sales will be 25.3 million, or 81 percent of the total.

Source: Stuff November 21, 2020 00:56 UTC