The private sector now sees climate as an opportunity for job creation and economic revitalization.
The agreement is a rare example of cooperation between a traditional carmaker and an upstart.
The country’s success with two- and three-wheeled vehicles that sell for as little as $1,000 could be a template for other developing countries.
The plan is part of a global push by the automaker to develop and produce electric vehicles.
There's a dirty side to creating clean cars.
The announcement comes as the auto industry ramps up its efforts to switch to electric vehicles.
The move to phase out gasoline-powered cars, with other states expected to follow, matches automakers’ plans. The challenge will be making it happen.
Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.