Auto Supplier Sees Carmakers Reviving Gasoline Plans as EVs Slow.

French auto parts supplier OPmobility has stated that many carmakers are returning to the development of combustion-engine cars due to slower-than-expected demand for electric vehicles (EVs). Buyers are reportedly deterred by regulatory uncertainty and high prices. The production volumes of EVs by US, German, and French manufacturers are currently 40% to 45% below initial expectations. This shift away from EVs has prompted companies like Mercedes-Benz and Volkswagen to adjust their sales targets and review projects. Additionally, there is renewed interest in hybrids and plug-in hybrids, with some carmakers focusing on their development instead of EVs. [Extracted from the article]