Different perspective to the story;After the automaker’s net...

Different perspective to the story;
After the automaker’s net profits slipped 21% in Q4, Mercedes is slowing its transition. Mercedes says it “will be able to cater to different customer needs well into the 2030s.” EOY Profit up 2% or something ??
The automaker cited higher inflation, supply chain costs, and expenses for future tech and vehicles for lower gross profits.Mercedes still expects its next-gen EVs to make a big impact, with a roughly 30% cost reduction."

Quote from same article;
"While Hyundai says it can't build evs quickly enough because they sell like hot cakes, Volvo sees no slowing market for evs, other legacy automakers seem to slow down.Imo the reason is very likely that they can't make as much profit on evs as they can on gas cars yet, because cars need to be produced in large quantaties to lower costs, thus improve profit.Ford took the risk and went all in, but were stopped in their tracks by the high FED rates and UAW demands.Given the above, I think we will see a pick up of demand after the FED lowers it's rates. And after ev prices have come down a bit. In the meantime, Chinese ev automakers will steam ahead at full speed."
https://electrek.co/2024/02/22/mercedes-backtracks-ev-plans-gas-cars-2030s/#:~:text=However%2C%20Mercedes%20announced%20Thursday%20it's,the%20100%25%20commitment%20from%202021.

Then you look at how much they cost in the USA & the Hyundai South Korea isn't the cheapest on Market;