500,000 electric cars in 2021
China is now the world’s biggest exporter of electric cars.
Shuts down development team
Hyundai announced that it is shutting down its internal combustion engine development team as the automaker focuses on electric cars.
Pandemic relief funds
Spain is moving aggressively to land new battery and electric vehicle plants, using billions of European Union pandemic relief funds to avoid being left behind.
Up 43 percent
Global sales of electric cars accelerated fast in 2020, rising by 43 percent to more than three million, despite overall car sales slumping by a fifth during the coronavirus pandemic.
And nine million bicycles in Beijing
Carmakers have sold more than 500,000 battery electric cars in Europe during 2020, a milestone in the automotive industry's move away from fossil fuels.
But prices likely to rise
The UK has announced that petrol powered cars will become outdated in ten years and new ones will not be made or imported any more.
Record revenue of $8.8 billion
Tesla reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other car makers.
Wants to increase production
General Motors is investing about $2.2 billion in its US manufacturing operations, largely to increase production of electric vehicles.
15 percent by next year
One in 10 new cars sold across Europe this year will be electric or plug-in hybrid, triple last year's sales levels after carmakers rolled out new models to meet emissions rules.
Part of post-coronavirus stimulation package
Germany will require petrol stations to offer electric car charging to help remove refuelling concerns and boost consumer demand for the vehicles as part of its 130 billion euro ($146 billion) economic recovery plan.