Porsche waters down EV ambitions, says transition will take 'years'
BERLIN - Luxury carmaker Porsche expects the transition to electric vehicles to take longer than it thought, it said on Monday, having previously said its aim was for 80% of sales to be all-electric by 2030.
"The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement. Porsche, struggling with low EV sales this year so far, highlighted the disparity in its three key markets in EV uptake, with demand far ahead in China, slower in Europe and spotty in the U.S.
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