Is this the end of the EV?
London, 03 April 2024, (Oilandgaspress): – Tesla and BYD’s car sales plummet and Apple pulls the plug on its e-car project The two firms, two of the biggest sellers of EVs worldwide, have been forced to drop their prices to increase demand for their cars as they battle fiercer competition, particularly in China. Mercedes-Benz hs delayed its electrification goal, Ford said it was rethinking its EV strategies and Volkswagen delayed the launch of a forthcoming EV. And in recent months, Audi and General Motors have also reviewed their EV rollouts.
Purchases of new electric cars by private buyers fell 25 per cent in a year in January, figures from the Society of Motor Manufacturers and Traders (SMMT) show.
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