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As COVID-19 crunches car sales globally, a backlog of orders has helped electric vehicles maintain momentum in much of the world — better than gas-powered cars and trucks.

The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.

Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery.

Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.

DETROIT — General Motors, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans March 4 for 13 new electric vehicles during the next five years.

DETROIT — Michigan Gov. Gretchen Whitmer signed executive orders Feb. 25 to create a council on future mobility and electrification, establish the Michigan Office of Future Mobility and to appoint a chief mobility officer.

The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio.

The Democratic congresswoman who pushed the Green New Deal to prominence aims to build a national network of high-speed chargers for electric cars under legislation unveiled on Feb. 6.

Tesla Inc. delivered a second straight quarter of blowout earnings and speedy execution, extending an unprecedented surge for its heavily shorted stock.

UPS has ordered 10,000 electric delivery vehicles from electric vehicle maker Arrival, in what it calls a move to accelerate fleet electrification.