Investors have embraced makers of pure-electric vehicles, driving the share prices of Tesla Inc and Chinese competitor Nio Inc to stratospheric levels. Drivers are also coming on board, with EV sales from China to Europe rising despite the pandemic.(File pic Tesla 3 electric car)
NEW YORK: Hybrid cars are seeing a quiet resurgence as the boom in electric vehicles (EVs) spurs automakers to give the older, cheaper technology a second look.
This year has been an extraordinary one for electric-car manufacturers. Investors have embraced makers of pure-electric vehicles, driving the share prices of Tesla Inc and Chinese competitor Nio Inc to stratospheric levels. Drivers are also coming on board, with EV sales from China to Europe rising despite the pandemic.
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