EV makers scale back targets as sales slow; hybrids gain ground

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published Sept 13, 2024 Published Sept 13, 2024

Several major automakers, including Toyota, Ford, and Volvo, are lowering their EV production targets due to sluggish sales, rising competition, and affordability concerns, shifting focus to hybrids.

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Stellantis Pauses Fiat 500 EV

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Toyota Adjusts EV Targets

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Volvo Shifts EV Strategy

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Volkswagen’s EV Flexibility

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Ford Reduces EV Spending

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Porsche Reassesses EV Ambition

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Renault Adopts Dual Strategy

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GM Lowers EV Forecast

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Mercedes-Benz Delays EV Goals

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Bentley Extends Hybrid Lifespan

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Aston Martin Delays EV Launch

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