The electric vehicle story seems to have changed lately from an expectation of rapid adoption and frantic production to a reality of cooling interest and pullbacks in investments.
General Motors (GM) - Get Free Report pushed back its EV targets and postponed its coming EV lineup in what it called an effort to ensure profitability; Ford (F) - Get Free Report postponed $12 billion in EV investments; Hertz is slowing the electrification of its fleets, in part citing weak resale value; and Tesla (TSLA) - Get Free Report remains engaged in a price war meant to entice skeptical buyers.
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