"After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV"

Auto execs are coming clean: EVs aren't working

By News on the Net -- INSIDER——Bio and Archives--October 27, 2023

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With signs of growing inventory and slowing sales, auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy, at least in the near term.

Several C-Suite leaders at some of the biggest carmakers voiced fresh unease about the electric car market's growth as concerns over the viability of these vehicles put their multi-billion-dollar electrification strategies at risk. ---More...

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"After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV"

Auto execs are coming clean: EVs aren't working

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