EV sales are growing. So why are automakers getting cold feet?

From Ford to Mercedes-Benz, major automakers are walking back aggressive electrification goals they set just a few years ago.

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Have automakers gotten so used to fat profit margins from SUV sales, particularly during the post-pandemic boom, that they consider anything that requires investment to be "insufficiently profitable"? Or has the high-return mindset of Silicon Valley infected Detroit as well?

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