Electric vehicle (EV) manufacturer's shock U-turn: 'Not Realistic' to Go Fully Electric by 2030. In a major blow to the electric vehicle industry, the CEO of a prominent EV manufacturer has admitted that their ambitious goal of transitioning to an all-electric lineup by 2030 is no longer feasible. The company, once at the forefront of the EV revolution, had set a target to phase out internal combustion engines and go fully electric by the end of the decade. However, rising production costs, supply chain disruptions, and increasing competition have taken a toll on the company's plans. As the industry grapples with the challenges of scaling up EV production, this unexpected admission raises questions about the viability of the company's business model and the future of the electric vehicle market.
The company's boss admits the EV-only goal is 'not realistic' anymore.
