BMW AG plans to increase sales of electric and plug-in hybrids by 30% every year until 2025 to help meet incoming stringent emission regulation in the European Union, prompting the carmaker to accelerate the rollout of battery models.

Tesla Raises Money, Drones Get Certified, and More Car News This Week. This week, Tesla shares took a much-needed hop as the company announced an effort to raise a small mountain of capital to keep the electric carmaker climbing.

So when CEO Elon Musk announced in late February that the carmaker would finally start delivering its more affordable Standard and Standard Plus Model 3 options, O’Roak at first ordered a Standard Plus, paying $3,000 extra for the electric carmaker’s semi-automated Autopilot feature.