Auto execs are coming clean: EVs aren't working
- At earnings this week, several auto execs pulled back on EV targets.
- Dealers have been warning of slowing EV demand for months.
- "This is a pretty brutal space," Mercedes-Benz's CFO said this week.
“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.”
“"This is a pretty brutal space," CFO Harald Wilhelm said on an analyst call. "I can hardly imagine the current status quo is fully sustainable for everybody."
"People are finally seeing reality," Toyota Motor Chairman Akio Toyoda”
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