The company, which generates most of its profit with large sport utility vehicles and pickup trucks, plans to have a lineup of both battery-powered cars and hydrogen fuel-cell autos, which also run on electricity.

Electric vehicles could be cheaper than our current batch of cars as soon as 2025, and more than half of all new cars sold will be plug-in models by 2040. But are carmakers and auto suppliers truly ready for this monumental transformation?

"There’s no point doing something that looks like everyone else's," James Dyson said. "It is not a sports car and not a very cheap car."

SpaceX filed for permission for its constellation of refrigerator-sized satellites late last year, but the FCC is poised to deal the project a setback with a decision that could force power reductions on SpaceX satellites and potentially limit the...

CEO Carlos Ghosan said electric cars will represent more than 30% of the company's sales.

StoreDot, partially supported by Daimler, introduced a battery prototype capable of reaching a full charge in five minutes for a vehicle driving distance of at least 300 miles.

CEO Matthias Mueller said VW was well-placed to take advantage of shifts in Chinese environmental policy which could include a ban on fossil fuel cars.

General Motors stock has been stagnant of late, but the company has been piecing together a strategy that could sustain it for years to come.