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2025-12-16 14:42:56 UTC

npub19z…f0w53 on Nostr: Major carmakers are delaying efforts to pivot to electric vehicles as they come under ...

Major carmakers are delaying efforts to pivot to electric vehicles as they come under pressure from Chinese rivals and shifting political priorities.

Ford dropped plans for an all-electric truck, accepting a $19.5 billion writedown, while Volkswagen is expected to extend its investment in gas-driven cars.

https://www.semafor.com/article/12/16/2025/western-carmakers-reverse-on-ev-plans-amid-china-competition