Carmakers Plan Half of Sales Will be EVs Within Decade: WSJ

(AF) Electric vehicles (EVs) are hoped to make up 40%-50% of a group of leading carmakers’ sales in the US by 2030, according to the Wall Street Journal.

Companies including Ford and General Motors are among the manufacturers that will make that pledge, which is expected to be announced by President Joe Biden, the report added. Other manufacturers are likely to announce their own targets, it said, citing sources. Full story: Wall Street Journal  

Also on AF: China Frictions Steer EV Automakers Away From Rare Earth Magnets

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

You Might also Like

China Racing to Buy Key Chip Materials From US Suppliers - Nikkei

China Plunders Rare Earth Minerals as Myanmar's Civil War Rages

Trump Asks US Supreme Court to Pause Law That Could Ban TikTok

China Urges Support for People in Need as Economy Slows