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The national companies have joined the global electric vehicles initiative EV100 which aims to make electric transport the new normal by 2030. EV100 is led by The Climate Group, the international non-profit focused on accelerating climate action. Together, the four companies will switch 22,000 fossil-fuel vehicles to electric.
Warren Buffett is an investor in China’s BYD, which is making a compact fullyelectric vehicle to be sold in China later this year. And Reuben Munger, former managing partner at investment firm Baupost Group LLC, is a founder and chairman of Bright, which developed a fullyelectric delivery van called Idea.
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