When EVs get cheaper, Mercedes EV targets, Volvo and Polestar: Today’s Car News

Mercedes reels again its international targets for EV gross sales, though it’s nonetheless pushing forward with present EV plans. Volvo particulars the way it’s backing away from Polestar. And EVs will doubtless get cheaper than gasoline autos earlier than the tip of the last decade. This and extra, right here at Inexperienced Automotive Studies. 

Mercedes-Benz has delayed its EV targets introduced earlier within the decade. Whereas it had deliberate for EVs and hybrids to make up 50% of its gross sales by 2025, it now expects to hit that focus on in 2030. It additionally seems to have scrapped its plan to solely promote EVs by 2030 the place market circumstances allowed. 

Volvo has clarified the way it will shed most of its stake in Polestar, because the EV startup struggles and has change into, as some have noticed, a drag on Volvo sources. 

Earlier than the tip of the last decade, EVs may be cheaper than gas models. In accordance with a research out this week from the Worldwide Council on Clear Transportation (ICCT), a glut of lithium plus Biden coverage will end in decrease battery costs and, most significantly, a lot decrease EV sticker costs relative to gasoline autos. The affordability beneficial properties will occur with out Biden incentives, simply extra slowly.

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