Major car company CEOs admit EV demand cratering in ‘brutal’ trend over driver worries about range and affordability ...Middle East

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Major car company CEOs admit EV demand cratering in ‘brutal’ trend over driver worries about range and affordability
source : The U.S. Sun ( Middle East ) () 19
LEADERS of major automakers have admitted that slow EV adoption is due to high initial cost and low range figures, despite global push. Pressure was mounted on automakers to quickly transition to all-electric variants of their hottest models, as legislation shifts to favor EVs and hybrids. GettyFord is delaying its EV rollout[/caption] ReutersFord CEO Jim Farley has admitted the ‘difficulties’ with the EV rollout[/caption] GettyGM has also delayed the rollout of EVs[/caption] However, several leaders of major automakers are recognizing that EV adoption has slowed dramatically, citing affordability, range, and critical charging issues to be reasons people aren’t buying them.

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