Now the two biggest US manufactures have substantially cut EV production and went back to pure ICE production. The headlines are dramatic but the reasons are very reveling about how long it will last. Far bigger drop in PM demand than some company using PMMs in the joints of an experimental robot.
Ford stuns industry with announcement to cancel EV production in favor of 'profitable' ICE vehicles: 'A lot of the manufacturers thought that growth was going to continue' (msn.com)
"While the company still plans to make EVs more broadly, Ford Motor Company announced plans to shift production at its Oakville, Ontario factory in Canada from electric sports vehicles to gas-powered pickup trucks. The news came shortly after General Motors announced it would trim down its forecast of EVs produced in 2024 by 50,000."
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