Another Car Maker Backs Away From EVs – Is The Electric Car Trend Over?


It was all the rage for a while.

Everyone was talking about it.

The electric car was basically how people viewed the iPhone when it first came out.

But it seems the thrill is gone, just like the wow factor of the iPhone. “iPhone 38 is coming out!” Big deal.

And so we’re seeing a trend across the board, from Tesla to Mercedes-Benz, in declining sales.

Recently Mercedes-Benz announced it’s reversing its goal to be all-electric in 6 years, and focusing on gas powered vehicles.

Business Insider reports:

Mercedes-Benz said in 2021 it planned to be all-electric by 2030.

The carmaker walked back that goal during an earnings call this week, however.

A Q4 statement from Mercedes says EV sales in 2030 will be more like 50% of its fleet.

It looks like Mercedes-Benz won’t live up to its goal to be all-electric by 2030.

In 2021, the German carmaker announced plans only to sell electric vehicles — “where market conditions allow” — by 2030. It now seems that market conditions aren’t going to allow that.

In its fourth quarter statement released Thursday, the company said it would allow customers’ demands to “set the pace” for how much of its fleet will be electric or gas. And, as of Thursday’s release, it expects its overall EV sales to reach just 50% by the time 2030 rolls around.

During a September interview at the Munich car show, Mercedes CEO Ola Källenius first hinted at a more narrow outlook for the EV market.

“It’s not going to be 100% in 2030, obviously… from the whole European market, but probably from the Mercedes side as well,” he said, according to Reuters.

Mercedes expects its EV sales to account for about 19% to 21% of new car sales this year.

Mercedes isn’t the only automaker that is reevaluating its EV plans. Consumer demand for EVs has cooled as shoppers look for more affordable options and struggle with the lifestyle changes required to own a car that needs charging.

They’re even sitting in car lots longer than regular gas powered cars.

25% longer!

Not to mention, the exploding, catching-on-fire-at-any-moment factor that comes with EV cars.

As well as the charging stations catching fire themselves!


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