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Mercedes - 2 Mercedes isn't - 2 Harald Wilhelm - 2 Ola Källenius - 1 It's - 1 — - 1 Mary Barra - 1 Bolt - 1
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Munich Detroit
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Benz - 2 EV - 2 carmaker - 1 Mercedes - 1 Dealers - 1 Service - 1 GM - 1 Barra - 1

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☆ Mercedes Benz ditches plan to sell only EVs by 2030
  + stars: | 2024-02-23 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
In 2021, the German carmaker announced plans only to sell electric vehicles — "where market conditions allow" — by 2030. And, as of Thursday's release, it expects its overall EV sales to reach just 50% by the time 2030 rolls around. During a September interview at the Munich car show, Mercedes CEO Ola Källenius first hinted at a more narrow outlook for the EV market. AdvertisementMercedes expects its EV sales to account for about 19% to 21% of new car sales this year. Mercedes isn't the only automaker that is reevaluating its EV plans.
Persons: Mercedes, Ola Källenius, It's, Mercedes isn't, Harald Wilhelm Organizations: Benz, carmaker, EV, Mercedes, Reuters Locations: Munich
☆ Auto execs are coming clean: EVs aren't working
  + stars: | 2023-10-26 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com   time to read: +4 min
Dealers have been warning of slowing EV demand for months. While GM's about-face was somewhat of a surprise to investors, the Detroit car company is not alone in this new view of the EV future. Just a few months after dealers have started coming forward to warn of slowing EV demand, manufacturers appear to be catching up to that reality. In July, the company extended its self-imposed deadline to hit annual electric vehicle production of 600,000 by a year, and abandoned a 2026 target to build 2 million EVs . In scrapping plans with GM to co-develop sub-$30,000 EVs, Honda CEO Toshihiro Mibe said the shifting EV environment was difficult to gauge.
Persons: Mercedes, —, Mary Barra, Bolt, GM doesn't, Tesla's Elon Musk, Harald Wilhelm, Mercedes isn't, Ford, Toshihiro Mibe, Mibe Organizations: EV, Dealers, Service, GM, Barra, Benz, Honda, Bloomberg Locations: Detroit
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