Tom Krisher

Each morning at a transit facility in Canton, Ohio, more than a dozen buses pull up to a fueling station before fanning out to their routes in this city south of Cleveland.

The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment on Thursday, August 5, 2021, from the industry that electric vehicles comprise up to half of U.S. sales by the end of the decade.

The automaker said in a presentation for investors Wednesday that it will add about US$8 billion to its EV development spending from this year to 2025.