Electric Vehicles are Piling Up at Dealerships

A flurry of headlines this week confirms: the electric vehicle (EV) transition is decelerating.

On Monday, Porsche poured cold water on its transition to EVs, saying in a statement that the “transition to electric cars is taking longer than we thought five years ago”. Then, yesterday, General Motors said it would delay plans for its Buick EV and postpone a new electric factory in Michigan, before Tesla revealed a 45% slump in profits, facing slower demand (although the company did report significant growth in its energy generation and storage business).

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