Mercedes-Benz Backs Away from Electric Vehicles amid Weak Sales
German luxury automaker Mercedes-Benz is backing away from its commitment to fully transition to Electric Vehicles (EVs) by 2030 amid weak sales, shifting back to gas-powered cars that remain in demand among car buyers. According to Bloomberg UK, Mercedes-Benz CEO Ola Källenius told shareholders on Wednesday that the automaker’s “transformation” to EVs “might take longer than expected.” Källenius had sought to make Mercedes-Benz fu...
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