You may have seen some of the automakers’ dismal financial reports in recent months, posting billions of dollars in losses and writeoffs tied to heavy investments in battery-electric vehicle development and assembly – as the market stalled in the US. Ford, Stellantis, Honda, General Motors, and Volvo were among the many automakers chalking up big losses due to EVs. Now, all automakers are rethinking their future product strategies for the US and realizing it was probably premature to set a date to phase out internal-combustion power under the hood.
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