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243 Retreating From EVs Could Be Hazardous For Western Carmakers

Slashdot
msmash @ Slashdot · today 10:08 EDT

Retreating From EVs Could Be Hazardous For Western Carmakers

Western carmakers retreating from electric vehicles amid softening government mandates could find themselves in a precarious position as Chinese rivals continue gaining ground in the EV market they're choosing to de-prioritize. The EU on December 16th dropped its earlier plan to ban petrol car sales outright from 2035, instead requiring carmakers to cut emissions from new vehicles by 90% from 2021 levels. The day before, Ford announced a $19.5 billion asset writedown as it rethinks its EV strategy and ends.

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