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BBCNEWS Business Briefing February 13, 2020

Returning on asian markets. We start with the rise of electric vehicles, because on wednesday, britains transport minister suggested a ban on new petrol and diesel cars could bejust 12 years away. Some chinese cities want to do it by 2030, and norway has set a deadline of 2025. But is the Auto Industry moving fast enough . Ford is now taking orders for its mustang mach e, the longest range electric suv on the market. It can travel up to 370 miles on a single charge. Ford is also electrifying all the models in its range, from the fiesta to the transit van. It is part of a wave of investment by carmakers. Last year, the Auto Industry spent 225 billion developing electric vehicles, but at the moment, the impact is tiny. Barely more than 2 of vehicles sold globally last year were electric, and according to one estimate, in five years time that figure will still be less than 8 . The pressure to change is taking its toll on some of the giants of the industry. This week, mercedes owner daimle

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