Reported 5 months ago
Volkswagen has postponed the launch of its electric ID.7 sedan in the U.S. and Canada due to changing market dynamics, with no new timeline provided. The company was planning to introduce the electric sedan later in the year, but global automakers like Ford and General Motors are reconsidering their EV strategies amidst slowing demand, focusing more on higher-margin hybrids and gasoline models. Volkswagen remains committed to launching 25 EVs in North America by 2030 but is prepared to adapt to market changes.
Source: YAHOO