Ex-Ford CEO: Slower EV Adoption Puts Startups in Real Financial Trouble

• Ex-Ford CEO warns that EV startups will face "real financial trouble" as EV adoption is taking longer than expected

• Mainstream consumers are still hesitant about EVs due to factors like charging time, infrastructure, repair costs

• Hybrid sales are surging as the transition to EVs will take longer than anticipated

• Struggling EV startups like Fisker, Rivian, and Lucid have seen valuations and plans cut back significantly

• Slower pace of EV adoption spells difficulty for recent EV startups that banked on faster transition