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Capital Group : Electric cars shift into the fast lane

Tesla, electric car, tomorrow

Ladies and gentlemen, start your batteries.

Sure, we’ve been hearing about the advent of the electric car for a long time. But evidence is mounting that it has already arrived — ahead of schedule.

Consider this: General Motors announced in January that it will stop manufacturing gas- and diesel-powered cars by 2035. This after Volkswagen, Europe’s largest automaker, disclosed plans to invest $86 billion to develop electric vehicles, digital factories and self-driving cars over the next five years.

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