Subscribe
Automakers

EV demand slowdown hits automakers, suppliers

BYD Dolphin front 2023
EV demand in Europe has weakened and the region's automakers face competition from Chinese rivals such as BYD. The BYD Dolphin is pictured.
R
By:
Reuters
January 31, 2024 01:15 PM

While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.

Featured Stories

Pre-tariff stampede delivers double-digit retail gains in March
Pre-tariff stampede delivers double-digit retail gains in March
Top 150 dealership groups continue to grow strategically and consolidate the industry
Top 150 dealership groups continue to grow strategically and consolidate the industry
Here’s our list of the 2025 Top 150 dealership groups
Here’s our list of the 2025 Top 150 dealership groups
Detroit 3 executives press Trump to temper tariffs as deadline approaches
Detroit 3 executives press Trump to temper tariffs as deadline approaches

Latest News

Mercedes-Benz USA dealer network boss Frank Diertl to retire
VW: Jetta, Taos deliver again in Q1
Daily 5 report for April 1: Why nobody is in the mood for April Fools’ jokes today
Guest commentary: Making today’s car buyers tomorrow’s loyal customers
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Vancouver auto show boss on Tesla’s removal and whether it’s welcome back
GM’s ‘woefully underutilized’ CAMI plant ideal spot for joint GM-Hyundai vans, analyst says
Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says
Porsche, Mercedes face $3.7B hit from U.S. auto levies
Staying current is easy with newsletters delivered straight to your inbox.