The announcement at the Shanghai auto show is among a flurry of automakers' plans for electric models in China, their industry's biggest market. Chinese buyers have shown little enthusiasm for electric cars due to concern about cost, reliability and limited range. "It will introduce additional new energy vehicles in China in the next two years, including hybrid electric vehicles, plug-in hybrid electric vehicles and pure electric vehicles." Ford's Schoch said that as manufacturing volume of batteries " an electric car's most expensive component " expands, costs should fall, making them competitive with combustion engines. Volvo has said it hopes to sell a total of 1 million electric and gasoline-electric hybrid vehicles by 2025.

Source: New Zealand Herald April 19, 2017 08:40 UTC