Mercedes-Benz warns of waning EV demand
28 February 2024
Mercedes-Benz has paired back its outlook for EV sales as demand for electric cars cools. It now expects EVs to account for half of its sales in the second half of the decade, rather than 2025.
“I don’t think anyone had ever thought that the once-in-a-century transformation of the auto industry will be a straight line,” said CEO Ola Kallenius. “There will be peaks and troughs.”