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Mercedes CEO warns that EVs are ‘many years away’ from costing the same as traditional cars amid cooling demand for vehicles with a plug – Fortune

Mercedes CEO warns that EVs are ‘many years away’ from costing the same as traditional cars amid cooling demand for vehicles with a plug – Fortune

 

Mercedes-Benz Group AG warned that electric vehicles will remain more expensive than their combustion-engine siblings for years to come as the luxury-car maker braces for cooling demand for cars with a plug.The manufacturer on Thursday forecast lower returns this year, citing challenges from a slowing economy. Mercedes also pared back its outlook for EV sales, with demand mainly in the small and medium segments where it’s not as present.Variable cost parity between EVs and traditional cars “is many years away,”… 

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