One reason is because there isn’t overwhelming consumer demand for wholly electric vehicles. It’s also hard to give up those highly lucrative margins on internal-combustion pickups and sport utility vehicles—especially in the United States. And then, there’s the confusing jumble of globally inconsistent regulations and incentives that make it difficult for automakers to plan ahead. Several global cities, such as Mexico City and Paris, have banned either diesel or internal-combustion cars starting in the next several years or have proposed bans. U.S. government policies have been mixed over the last year: While the federal tax rebate is still in place for electric cars, the recent tax legislation limited it to the first 200,000 plug-in electric cars sold by a manufacturer.

Source: Forbes March 27, 2018 14:37 UTC