Several leading automakers adjusted their electric vehicle (EV) goals and scaled back plans in 2024 as a response to sluggish consumer demand for EVs in the auto market.
Automakers aren't abandoning EVs and continue to see them as an important part of their product line heading into the future, but have eased some of their previously announced EV production targets and altered some of their operational plans in response to consumer demand.
Carbuyers have stepped up their interest in hybrid vehicles in recent years...