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Car companies are becoming increasingly concerned about the future of electric vehicles (EVs) as the market for EVs appears to be slowing down. Auto manufacturers are starting to scale back their ambitious EV goals and delay or abandon promises of EV production. Volkswagen has put off plans for an east European gigafactory due to sluggish EV demand. Dealers are reporting that EV sales have slowed, leading to concerns about the overall state of the global EV market. The slowdown in EV sales is causing chaos in the market for electric cars, as companies try to navigate the changing landscape.
