More and more car manufacturers are cutting investment in electric cars – Document

Country after country is cutting back on electric car subsidies, and interest in the emission-free battery cars is declining in most markets.

Audi and Mercedes and others have lowered their electric car ambitions for the coming years.

Nevertheless, there are still many who have faith in the technology. A group of Chinese manufacturers are leading the way, but Volkswagen also refuses to go back on its very ambitious electric car plans, although the tendency is that interest is declining, writes Broom.

For example, Toyota’s chairman has recently stated that he does not believe that the share of electric cars will ever exceed 30 percent globally.

Korean KGM (formerly SsangYong) is also among the manufacturers who do not believe electric cars are the future.

The CEO of KG Group, Jea Sun Kwak, says, among other things, that they do not plan to become an all-electric brand.

– No, no – we have no plans to become an all-electric brand. We will deliver what people want, and at the moment it is both fossil-fuel cars, hybrids and electric cars. The three will exist side by side for the foreseeable future, says Kwak.

Both Ford’s luxury brand – Lincoln – and Alfa Romeo have said they do not believe in electric cars, and have no plans to start doing so.

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