STUTTGART — Mercedes-Benz on Thursday toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a slower than expected appetite for electric cars.
The company, which has been preparing for all-electric sales by 2030, said it now expects electrified sales — including hybrids — to account for up to 50% of the total by that date.
CEO Ola Kaellenius cautioned towards the end of…
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