Automotive EV News Roundup

The demand for electric vehicles (EVs) has not met expectations recently as rising interest rates have made loan payments more expensive for potential buyers Notable automakers like Mercedes-Benz, Ford, and Aston Martin have slowed down their EV production in response This trend, however, is seen as potentially problematic by Polestar's CEO Thomas Ingenlath who cautions against ignoring future innovation, reminding the industry that such reluctance could become a trap. On a more positive note, Polestar's operations appear less affected by these market conditions, maintaining a positive outlook for a market rebound The hesitation in EV adoption could also be linked to the fear of change and absence of more affordable EV options In the US, Ford is offering aggressive discounts on their Mustang Mach-E with a new ‘VIN Specific Bonus Cash' incentive but finding vehicles eligible for the maximum $18,500 discount could prove difficult. This promotion is reportedly in place until April 2nd.