Nobody really wants electric cars, Vauxhall owner executive claims

Forcing carmakers to sell more EVs leaves ‘no room for profit’, says Stellantis executive Drivers are unlikely to buy electric vehicles (EVs) without hefty discounts, a top executive at Vauxhall owner Stellantis has claimed. Emanuele Cappellano, the company’s European boss, said there was no “natural” demand for EVs and so government regulations forcing their sale risked turning the industry loss-making. Demand only arises when subsidies are offered or when carmakers “burn cash” by slashing their price ...