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Mercedes-Benz backs off plan to only sell EVs by 2030
‘It’s not going to be 100 percent in 2030, obviously’
It was the latest evidence that the global auto industry is feeling more dour about the all-electric future after a slowdown in sales growth. Today, the company said in its fourth quarter earnings statement that it only expects 50 percent of its sales to be all-electric — a significant drop from the once rosier outlook. Meanwhile, hybrid sales have increased significantly, as more people see the benefit of hedging their bets while the charging infrastructure gets built out.
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