https://www.taxtmi.com/news?id=44156 Regulatory uncertainty and slowing EV demand led the automaker to reduce its planned electrification investment and abandon its prior EV sales target, treating the move as a timing adjustment rather than a reversal. The company will prioritise hybrid vehicle production, convert plants to support both EVs and hybrids, cite tariffs and changing regulations as material external factors, and pursue safety technology development and cooperative technology arrangements while relying on cost cutting to support profitability. en-us Tue, 20 May 2025 15:16:03 +0530 Tue, 20 May 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=44156 Regulatory uncertainty and slowing EV demand led the automaker to reduce its planned electrification investment and abandon its prior EV sales target, treating the move as a timing adjustment rather than a reversal. The company will prioritise hybrid vehicle production, convert plants to support both EVs and hybrids, cite tariffs and changing regulations as material external factors, and pursue safety technology development and cooperative technology arrangements while relying on cost cutting to support profitability. News - Tue, 20 May 2025 15:16:03 +0530 https://www.taxtmi.com/news?id=44156