#ev-market-challenges

#ev-market-challenges

Volvo scales back its all-electric ambitions, now aiming for a majority electric fleet by 2030.

Challenges like inadequate charging infrastructure and consumer hesitation impact the EV transition.

GM still plans to phase out internal combustion engine vehicles by 2035 despite current challenges in the EV market.

Mary Barra confirms profitability on EVs expected by end of 2023.

High costs and competition affect the EV market, prompting strategic adjustments.

European automakers are in crisis mode over impending carbon targets and potential multi-billion dollar fines for failing to transition to electric vehicles.

Polestar faces significant challenges with a new CEO tasked to revitalize the brand amid competition and production issues.

The UK motor industry is urging VAT cuts to stimulate electric vehicle sales amid market slowdown.