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TEMPUS | ETHICAL INVESTING

Unstoppable charge of the electric car

The Times

After years of political lobbying that undermined attempts to cut emissions and make vehicles cleaner, carmakers have pulled a handbrake turn on electric vehicles (EVs).

Ford and Volvo have promised that all their passenger vehicles will be 100 per cent electric by the end of the decade, while General Motors says that all its passenger cars will be emission-free by 2035.

Volkswagen may have resorted to an April Fool stunt — suggesting that it was changing its name to Voltswagen in the United States — to grab headlines but the carmaker’s EV plans are genuinely ambitious. It aims to sell one million electric or hybrid cars this year — a near tenfold increase on 2019 — and will open six battery factories across Europe by