Hybrid car future? Carmakers pump the brakes on ambitious electric car rollouts as Porsche, Audi, Kia, Mercedes-Benz and Ford say they need more time

AutoExec Summary
Porsche is adjusting its electric vehicle sales ambitions due to low consumer demand, expecting a slower transition to EVs than initially projected. Other automakers such as Ford, Genesis, Audi, Mercedes-Benz, and Kia are also revising their electric vehicle plans or calling for more regulatory flexibility. In contrast, Toyota is focusing on hybrid vehicles and has seen financial success in Australia, where hybrid sales have increased significantly. Audi plans to expand its hybrid range and remain committed to a fully electric range by 2033. Greenpeace ranked Toyota last in efforts to phase out combustion engines.

Brands mentioned: Porsche, Ford, Genesis, Audi, Mercedes-Benz, Kia, Toyota