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Climate Change / Re: EVs: The Reckoning Begins
« Last post by mountaineer on Today at 08:23:55 pm »Mercedes-Benz Backs Away from Electric Vehicles amid Weak Sales
John Binder
8 May 2024
Breitbart
John Binder
8 May 2024
Breitbart
Quote
German luxury automaker Mercedes-Benz is backing away from its commitment to fully transition to Electric Vehicles (EVs) by 2030 amid weak sales, shifting back to gas-powered cars that remain in demand among car buyers.
According to Bloomberg UK, Mercedes-Benz CEO Ola Källenius told shareholders on Wednesday that the automaker’s “transformation” to EVs “might take longer than expected.”
Källenius had sought to make Mercedes-Benz fully electric by 2030. In July 2021, Mercedes-Benz announced its all-electric push, vowing to shift from an “electric-first” to “electric-only” agenda. ...
Those plans have been slowed as orders for its all-electric sedans have been disappointing and brought margins down to nine percent in the first quarter. Instead, Mercedes-Benz will continue making gas-powered cars past the start of the next decade.
The luxury automaker is not the only one abandoning an electric-only agenda. In January, Ford Motor Company followed through on plans to scale back production of its all-electric F-150 Lightning pickup truck — cutting it in almost half — over a lack of demand among American consumers.
Meanwhile, late last year, nearly half of Buick dealers across the United States opted to take buyouts from General Motors to avoid having to sell EVs. Car dealers have asked President Joe Biden to halt its EV mandates, citing a lack of demand.