Electric vehicles (EVs) are automobiles that are powered entirely or partially by electricity. They utilize one or more electric motors for propulsion, which are powered by an on-board battery or a fuel cell. EVs can include fully electric vehicles that rely solely on battery power, as well as hybrid vehicles that use a combination of an internal combustion engine and electric power. The primary advantage of electric vehicles is their reduced environmental impact, as they produce no tailpipe emissions and can lower greenhouse gas emissions if charged with renewable energy sources. Electric vehicles also generally have lower operating costs due to fewer moving parts and reduced energy costs compared to gasoline or diesel. They are becoming increasingly popular as technology advances, infrastructure develops, and concerns about climate change and fossil fuel dependency grow.
Porsche faces a potential profit loss of **€800 million** amid adjustments to its electric vehicle strategy. The company forecasts a drop in operating margins to **10-12%** for the year, with…