Part 2/10:
Once hailed as the hallmark of a sustainable automotive landscape, electric vehicles are now facing an identity crisis. The enthusiasm that drove companies to hastily switch gears appears to have been an illusion. Increasingly, auto brands have come to a stark realization: the consumer base isn’t responding as favorably as anticipated, leading to dwindling sales and profits. Governments, too, are reconsidering their mandates for EVs, as evidenced by their wavering stance on supporting the rapid transition away from combustion engines.