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EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans – CNBC

EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans – CNBC

 

Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come.Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off.For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup… 

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