Hybrids Win, EVs Lose: Inside the Quiet Retreat Happening in Detroit
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Hybrids Win, EVs Lose: Inside the Quiet Retreat Happening in Detroit
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In this episode, I discuss the increasing trend of canceled or restructured electric vehicle (EV) programs. As tax credits diminish and consumers shift their preferences toward hybrids instead of pure EVs, automakers are quietly discontinuing or adjusting some electric models. I highlight unexpected decisions, such as Acura canceling the ZDX after just one year and GM stepping away from its BrightDrop electric vans, which have significant financial implications for both suppliers and owners.
However, it’s important to note that not all EVs are being canceled. Key models like the Mustang Mach-E, Cadillac’s electric lineup, and GM’s Silverado and Sierra EVs are still progressing. The real takeaway, as I see it, is that EVs are not disappearing; rather, automakers are pivoting toward hybrids and recalibrating their timelines, rather than abandoning electrification completely.automakers are pivoting toward hybrids and recalibrating their timelines, rather than abandoning electrification completely.