California’s decision to ban sales of new conventional vehicles starting in 2035 shows how regulators’ aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board.
Tighter rules from Europe to the U.S. are accelerating manufacturers’ efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric-vehicle startups hoping to replicate the success of Tesla Inc.
Volvo…
