Ev troubles6 Dec 2023 14:37
Current market conditions EVToday 13:45
Forbes report October 2023.
"Thereβs been a lot of recent news about automakers cutting back or delaying production of electric vehicles (EV) due to slowing consumer demand. The headlines include Ford announcing it was postponing $12 billion in planned electric vehicle production, GM abandoning a goal to build 400,000 electric vehicles through mid-2024, and Volkswagen Group cancelling plans for a new $2 billion EV factory in Germany."
And the recession is only in its infancy.