Mercedes Pushes Back on Going All-Electric After Cold Hard Truth Kneecaps Plan
Almost no one who objects to electric vehicles does so because he or she has an attachment to fossil fuels. The problem with EVs is that the most affluent segment of the population has developed an obsession with them. And this, like all obsessions, had made rational thinking impossible.
Fortunately, a market economy eventually forces all producers to face reality if they hope to stay in business.
On Thursday, Mercedes-Benz became the latest manufacturer to announce that its transition from combustion-engine vehicles to EVs had hit a snag.
“Mercedes-Benz continued its transformation in 2023, developing new cutting-edge electric and digital innovations, while scaling electric vehicles and delivering solid financial results,” CEO Ola Kaellenius said in a news release detailing 2023 financial results.
