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Chasing Tesla: Here are the current electric vehicle plans of every major car maker



At President Joe Biden’s urging, the auto industry pledged to boost production of electric vehicles to the point that they account for about half of total U.S. sales by 2030, a plan that raises hopes that EVs can shift from niche to normal.

EVs accounted for 2.4% of U.S. cars sold in 2020, up from 0.7% five years ago, according to BloombergNEF.

The research provider expects that share to increase to 11% in 2025; by 2030, it expects that slightly over a third of vehicles sold in the U.S. will be electric.

See also: From gas savings to tax credits: 7 things to know about Biden’s new electric vehicle and mileage rules

Several auto makers had already announced bigger EV ambitions even before the White House call.

Here are each major car maker’s stated plans for EVs, including, when available, investment amounts and the range of models they hope to bring to market.

www.marketwatch.com/story/chasing-tesla-here-are-the-current-electric-vehicle-plans-of-every-major-car-maker-11628876816?mod=mw_quote_news