Reported 8 months ago
Car manufacturers like Ford and GM are reevaluating their focus on electric vehicles (EVs) due to challenges such as high costs, range anxiety, and consumer preference for hybrids. Despite efforts to promote EVs, data shows EV inventory is increasing, leading to discounts and bankruptcies for EV-only startups like Fisker. Companies like Ford and GM are pivoting towards gas-powered and hybrid vehicles for profitability while delaying EV productions, signaling a slowdown in the EV market transformation.
Source: YAHOO