The shift to hybrid technology in the face of the BEV slowdown
The ongoing slowdown in the demand of BEVs is driving original equipment manufacturers to revise their product strategies and take a relook at the hybrid propulsion technologies that best suit their customers.
The global slowdown in battery-electric vehicle (BEV) demand has prompted many original equipment manufacturers (OEMs) to adopt a multipath strategy rather than solely focusing on electric vehicles. This decline in BEV uptake can be attributed to various factors, including regional policies, shifting consumer sentiments and the slow development of charging infrastructure and longer charging times.
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