Stellantis executive claims carmakers won’t profit from selling EVs without hefty discounts, blaming regulations for industry losses. EV advocates dispute claims, blaming inflation for profit squeeze. Porsche sees sales slowdown due to weak EV demand. Concerns rise over Chinese EV sales growth. Labour reintroduces ban on petrol and diesel cars in UK.

Ministers offer discounts on select EV models, but only a quarter are eligible. Pay-per-mile tax threatens demand. UK and Germany revive EV grant schemes after phasing them out. Car manufacturers warn of negative profit margins in Europe. Lobby group urges government to review zero-emission vehicle transition aligning with real-world demand.

Read more at Yahoo Finance: Nobody really wants electric cars, Vauxhall owner executive claims