Ford will take a $19.5bn (£14.5bn) hit as it tore up plans to invest significant sums into electric cars. The US car giant cut back electric vehicle (EV) production, including the production of large battery-powered pickup trucks, because of a slump in demand from drivers.

REEVs are staging a comeback with over 3 million vehicles expected to hit the road by 2030, with China leading, followed by US and EU.

The European Union is planning to ditch a controversial ban on combustion engine cars starting in 2035 after months of debate and pressure from the automotive industry.

Ford's next-generation F-150 Lightning ditches a pure EV format in favor of a gasoline-backed extended-range electric truck that promises massive range and towing capability.

New electric vehicles now feature immersive technology that makes your driving experience seamless and safe. Some cars feature augmented reality technology, which can scan for obstacles nearby. SEE ALSO: Experts say electric vehicles costs are going down. Here's why you should consider one

Chinese carmakers like BYD and Xiaomi have strengthened their position as the leading producers of EVs over the past decade.

As the European Union has looked to push carmakers towards electric vehicles, sales of EVs across the continent have been uneven, skewed more to northern and western countries, while nations further south and east have tended to lag.

The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry. Bloomberg's Craig Trudell explains how this proposal will affect carmakers and the rollout of electric vehicles in Europe.

Brits are increasingly ditching electric cars in favour of petrol and diesel, with high costs and concerns about range driving a sharp shift in buying intentions.