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Saturday 6 February 2021
Automakers are going green to save money, not just the planet
Virtually all of the world's major automakers are shifting to an all-electric future — and that's as much about the bottom line as it is the environment.
Volkswagen (VLKPF) plans to launch roughly 70 pure electric models by 2030 and has already overtaken Tesla in electric vehicle sales in many European markets. General Motors (GM) said last week it hopes to sell only zero-emission cars by 2035. There isn't a major automaker that isn't committed to developing zero-emission vehicles.
There's good reason for that radical change: EVs are not only key to complying with tougher environmental regulations, but they are also far cheaper to manufacture.
Read the whole news on cnn.com