Several automakers are pulling back on plans to expand the amount of electric vehicles they produce in response to slowing sales that aren’t expected to hit previous forecasts.
At the same time, more models are coming to market and overall sales continue to grow year after year.
That’s why there’s a mix of both optimism and pessimism surrounding the EV sector and the eventual transition away from gasoline and diesel vehicles.
The state of the EV market is a focus at this year’s CERAWeek by S&P Global in Houston, one of the world’s largest energy summits. The electrification of vehicles could diminish demand for oil
