Luxury sports car brand ‘blames EVs for its struggles’ – weeks after axing 4,000 jobs in desperate cost-cutting measure

A luxury carmaker is reportedly blaming EVs for the challenges it has been facing.

Reporting of recent struggles comes as the company announced plans to axe around 4,000 jobs earlier this month.

GettySales in the US are impacted by higher tariffs and electrification strategy faults[/caption] GettyThe Porsche Taycan was the first mass-produced electric car model from Porsche[/caption]

Despite being considered among the world’s most profitable automakers, Porsche has faced dropping sales...