The German-built ID.4 hit U.S. dealers earlier this year and sold 5,756 units in the first half, with 85% of trade-ins coming from owners of non-electric vehicles.
"In South America and Africa, it will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing."
The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.
Copper hit a record peak of $10,747.50 last month, fuelled by optimism over global economic recovery and new demand from an expected green revolution including the shift to electric vehicles.
Tesla said in a Weibo post that data generated by all cars it sells in China, where it is making Model 3 sedans and Model Y sport-utility vehicles, would be stored in the country.
China, the world's biggest car market and the second largest for Tesla, is drafting rules to ensure the security of data generated by connected vehicles as their growing popularity fuels concerns about privacy and national security.
"Both technologies (electric and hydrogen) will be needed," Daimler Truck CEO Martin Daum told an investor presentation on Thursday. "And we intend to lead the way in both technologies."
Daimler Truck said zero-emission vehicles should make up 60% of its sales by 2030 and 100% of sales by 2039.
