Automakers are retracting their all-electric commitments and reverting to hybrid models, as indicated by the Bank of America's Car Wars 2025 study. Factors like high costs, political influences, and fluctuating EV demand have impacted this transition. The study predicts a decline in the number of new vehicle models, suggesting that only 159 models will be launched over the next four years, a stark contrast to the prior year's forecast of over 200. This change points to a slowdown in the electric vehicle sector and a resurgence of hybrid technology.
"Automakers seem to be cooling off on EV investments to focus on hybrids instead, citing factors like high costs and challenges in ramping up new technology."
"Bank of America's Car Wars 2025 study reveals a significant decrease in the number of new models in the automotive pipeline, highlighting a shift in industry strategies."
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