American automakers are delaying or abandoning their promises of electric vehicle production due to cooling market demand. Mercedes cites fierce price competition and supply chain issues as challenges in the EV market, with some rivals selling electric cars for less than traditionally powered models. Major automakers in Asia are urged to provide more transparency on the competitive landscape for electric vehicles.
Car Companies Are Suddenly Super Worried About the Future of EVs https://t.co/q1zA7Swtqn
‘The early adopters have adopted’: US carmakers slow their EV growth plans https://t.co/QFWYnbBZHA
Mercedes said fierce price competition and supply chain issues were making the EV market a tough battle, with some rivals selling electric cars for less than traditionally powered models even though they cost more to make https://t.co/pjfWTN7kOV https://t.co/V4fEtwo9GW
Major automakers in Asia should shed more light on the competitive landscape for electric vehicles https://t.co/x9biBYya3Y
Mercedes said fierce price competition and supply chain issues were making the EV market a tough battle, with some rivals selling electric cars for less than traditionally powered models even though they cost more to make https://t.co/oVzS09wgvr https://t.co/4pt8NOshxs
American automakers are delaying or abandoning their promises of electric vehicle production, citing cooling market demand. Unfortunately, government subsidies and mandates are unlikely to go away as easily. https://t.co/2Xu3yi1I96