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Mercedes walks back EV sales target as demand wanes

Mercedes EQE SUV 8.jpg
Mercedes pared back its medium-term outlook for EVs and now expects them to account for 50 percent of sales in the second half of the decade. The brand's EQE electric sedan is pictured.
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By:
Bloomberg
February 22, 2024 08:04 AM

Mercedes-Benz warned that battery-electric vehicles will remain more expensive than their combustion-engine siblings for years to come as the luxury-car maker braces for cooling demand for EVs.

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