EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans

[rangerrebew]

AUTOS
EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
PUBLISHED WED, MAR 13 20247:00 AM EDTUPDATED 5 HOURS AGO
 
KEY POINTS
Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans.

Though consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.

A broad return to a more mixed offering of vehicles — with lineups of gas-powered vehicles alongside hybrids and fully electric options — assumes an all-electric future at a much slower pace, and it calls attention to ambitious EV targets set for the years ahead.
 


DETROIT — The buzz around electric vehicles is wearing off.

For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup entrants alike, based in part on their visions for an EV future.

https://www.cnbc.com/2024/03/13/ev-euphoria-is-dead-automakers-trumpet-consumer-choice-in-us.html

[rangerrebew]

WRITTEN BY JOHN NOLTE ON MAR 15, 2024. POSTED IN NEWS AND OPINION

To The Surprise Of No One, Electric Vehicle ‘Euphoria Is Dead’

ev charging station“Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans,” reports CNBC.

The headline says it all: “EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans.”

Yeah, there’s a shock. [emphasis, links added]


Gee, why-oh-why would people not want to purchase a super expensive vehicle that can take more than an hour to charge — and that’s if you can find a charging station? Via CNBC:

https://climatechangedispatch.com/to-the-surprise-of-no-one-electric-vehicle-euphoria-is-dead/