Legacy OEMs retreat from pure EV commitments
Key Questions
Which legacy OEMs are scaling back pure EV plans?
GM has paused next-gen Silverado/Sierra EVs beyond 2028 and is hinting at more hybrids, while Ford is doubling down on PHEVs in Europe. Toyota remains hybrid-first after canceling the Lexus TX PHEV.
What discontinuations and market exits are occurring among EV models?
Models like the BMW iX, Hyundai Ioniq 6, Nissan Ariya, Tesla Model S/X, and Volvo EX30 after 2026 are being discontinued. Polestar is exiting the US market due to China/Russia connected vehicle rules.
What is the projected role of hybrids in the US market by 2030?
Hybrids are projected to reach half of the US market by 2030 as legacy OEMs retreat from aggressive EV timelines. This shift comes amid challenges like poor Mercedes CLA350 EV reviews and Stellantis exploring partnerships with Chinese firms.
GM pauses next-gen Silverado/Sierra EV beyond 2028, hints at more hybrids. Ford doubles down on PHEVs in Europe, reveals $30k EV pickup on UEV platform. Mercedes CLA350 EV review poor. Toyota cancels Lexus TX PHEV, remains hybrid-first. BMW reaches 2M EVs, pushes V2H/V2G. Volvo EX90 focuses on safety. Nissan-Valeo bidirectional charging. Honda takes $15.8B impairment. Chrysler, Dodge, Jeep, Ram parent Stellantis talks with Xiaomi/XPeng for platform sharing. Polestar exits US market due to China/Russia connected vehicle rule. Notable discontinuations: BMW iX, Hyundai Ioniq 6, Nissan Ariya, Tesla Model S/X, Volvo EX30 after 2026. Hybrids projected to be half of US market by 2030.