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, including Tesla TSLA, +1.53%, 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.
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.
This information was collated from company sites, previous reports, and BloombergNEF projections, and will be updated regularly.
Audi
Audi, a brand known for its luxury cars and owned by Germany’s Volkswagen AG VOW, -0.14%, has promised to have battery-electric vehicles comprise 35% of its sales by 2025. By that time, Audi buyers will choose from about 20 EV models.
BMW
BMW AG BMW, +0.44%, a luxury-car maker from Germany, was among the first EV innovators. It launched its i3 compact EV eight years ago, then as one of the few serious competitors to Tesla Inc.’s vehicles.
BMW’s EV...
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