Auto Manufacturers Pivot to Hybrids and Combustion Engines Due to Consumer Preference

Auto manufacturers are shifting their strategies towards hybrids and combustion engines as consumer preference leans more towards ICE and hybrids than previously anticipated. Companies like Mercedes and GM have had to retract their plans for an all-electric future and are now committing to producing combustion engines and hybrids well into the 2030s. Despite a recent dip in auto sales, the trend suggests that consumers will likely opt for hybrids or combustion engines, driving the demand for palladium higher than expected by analysts for 2025.