GM, Ford to expand electric models

GM announced plans for 20 new all-electric models by 2023, including two within the next 18 months

China has said it will eventually ban gasoline-powered cars. California may be moving in the same direction. That pressure has set off a scramble by the world’s car companies to embrace electric vehicles.

On Monday, General Motors, America’s largest automaker, staked its claim to leadership. Outlining a fundamental shift in its vision of the industry, it announced plans for 20 new all-electric models by 2023, including two within the next 18 months.

GM’s announcement came a day before a long-scheduled investor presentation by Ford Motor that was also expected to emphasise electric models. After the GM news emerged, Ford let loose with