A global slowdown in electric-vehicle
demand is rippling through the industry, costing jobs and
leading to changes in strategic plans, layoffs and production
cuts, suggesting pain in the near term.
Also, Mercedes-Benz softens its electric vehicle sales target as demand drops, and California regulators are in no rush to let Waymo expand its operations.
By Akash Sriram (Reuters) - A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts, suggesting pain in the near term could slow the transiti.
A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts, suggesting pain in the near term could slow the transition away from gasoline-powered combustion engines. On Thursday, German luxury carmaker Mercedes toned down expectations on EV demand and said it will update its gasoline-powered engine vehicle lineup well into the next decade. Instead, it now says it will retain combustion engines in at least half of its vehicles until then.