The Hidden Costs of the EV Retreat ...Middle East

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(To get this story in your inbox, subscribe to the TIME CO2 Leadership Report newsletter here.) In recent months, major automakers have announced plan after plan to slow their transition to electric vehicles. Last week, Volvo said it wouldn’t move as quickly as planned to an all-EV lineup. And, over the summer, both GM and Ford said they would delay the introduction of previously announced models. [time-brightcove not-tgx=”true”] These steps often come at steep cost for the companies as they adjust multi-billion dollar spending plans and, in some cases, write down their losses. But, as significant as the costs are for the big automakers, the stop-and-go transition away from g

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