The drive for a greener world means manufacturers are turning their full attention to electric car production. By 2025, the Government wants around 25 per cent of new cars sold to be electric. Meanwhile, President Joe Biden wants to transform America's electric car industry. 'But firms that make only electric vehicles have added risk as they can be overhyped, raising their valuation. Volkswagen tripled its battery electric car sales in 2020 and a cheaper version of its ID.3 car may be competition for Tesla's Model 3, as it's more affordable.
