Source: https://www.ft.com/content/1198863d-4974-4c4d-be5f-9e7152045b26
From the post:
>At least 12 global carmakers are scaling back their electric vehicle plans amid stubborn demand for combustion engines and a rollback of supportive policies in both the US and Europe.
Last week, Honda abandoned its plan to stop making combustion engine cars by 2040 and forecast $16bn in losses over the next two years from its EV strategy overhaul. Mercedes-Benz, Ford, Stellantis and Volvo Cars have also cut their all-electric targets.
Source: https://www.ft.com/content/1198863d-4974-4c4d-be5f-9e7152045b26
From the post:
>>At least 12 global carmakers are scaling back their electric vehicle plans amid stubborn demand for combustion engines and a rollback of supportive policies in both the US and Europe.
Last week, Honda abandoned its plan to stop making combustion engine cars by 2040 and forecast $16bn in losses over the next two years from its EV strategy overhaul. Mercedes-Benz, Ford, Stellantis and Volvo Cars have also cut their all-electric targets.