EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
Publishing timestamp: 2024-03-13 12:00:10
Summary
Automakers are scaling back or delaying their electric vehicle plans due to slower-than-expected consumer demand for EVs. Companies are now focusing on a more mixed offering of vehicles, including gas-powered, hybrids, and fully electric options. The shift in sentiment is leading automakers to reevaluate their long-term goals and strategies for EV adoption.
Sentiment: MIXED
Tickers: VOW3-DE, 7203.T-JP, VOW-DE, GM, MBG-DE, TSLA, STLAM-IT, 7267.T-JP, TM, HMC, HYU-FF, RIVN, F, STLA, .FKRX300,
Keywords: autos, volkswagen ag, mary barra, general motors co, business, united states, rivian automotive inc, electric vehicles, stellantis nv, technology, honda motor co ltd, breaking news: business, environment, breaking news: technology, ford motor co, tesla inc, transportation, hyundai motor co, mercedes benz group ag, business news, toyota motor corp,
Source: https://www.cnbc.com/2024/03/13/ev-euphoria-is-dead-automakers-trumpet-consumer-choice-in-us.html