Electric cars are the future of the automobile, and the luxury car manufacturer Mercedes-Benz, which has been talking about focusing only on electric cars, has now begun to back off.
Initially, the governments of various countries around the world were offering some concessions for electric vehicles. Also, customers have started buying electric cars because of the innovative experience. But, now the electric car sales have started to decline little by little.
In addition to the above problems, electric car manufacturing companies from China are producing and exporting electric cars at the price of fuel cars, which has become a crisis for foreign electric car manufacturing companies. So, for now, it is reported that the company is going to focus a little more on fuel cars.
Mercedes-Benz’s profit fell by 9% in the first quarter of 2024, which ended in March. The company has posted very low profits in the last two years. One of the reasons for this is that the sales of electric cars are not as expected.
Mercedes-Benz announced two years ago that after 2030 it will only sell fully electric cars. However, Ola Kallenius, the CEO of Mercedes-Benz, has said that if there is a need to sell fuel cars even after 2030, due to various reasons such as the decline in sales of electric vehicles and the lack of demand for fuel cars.
All electric car makers, not just Mercedes, are suffering from declining electric car sales. Volkswagen has also announced that it is shifting its focus from fully electric vehicles to hybrid cars. Automakers are turning to their most tried-and-true options to keep up with declining sales of electric cars. It is noteworthy that the company abandoned the plan to set up a new electric car manufacturing plant in Germany last year.
There are various reasons why consumers prefer fuel vehicles such as insufficient electric vehicle infrastructure and premium cars. It will be some time before consumers buy and use only fully electric cars. It is indicated by the results of car manufacturing companies.
