Mercedes CFO says EV adoption rate lower than expected

Merdeces E-Class Munich show 2023 — A model Mercedes E-Class on display at the 2023 IAA Mobility show in Munich.

R

By:

Reuters

October 26, 2023 08:50 AM

Mercedes-Benz is seeing lower than expected consumer adoption rates for electric vehicles, CFO Harald Wilhelm said on Thursday, describing the EV market as a "pretty brutal space."

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