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European Car Makers Hitting the Brakes on Electric Vehicles

Car manufacturers are slowing their transition to producing electric vehicles (EVs), because of low customer demand and production problems.

Mercedes-Benz announced to investors in March of this year that it is going back on its pledge to sell only fully electric cars by 2030. Instead, investors were told that the company plans to continue to make gasoline-powered cars well into the next decade. Fully electric cars and hybrids will account for only up to half of its sales by 2030.

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