Comment by jansan

Keep in mind that the ICE market is still huge. Even in China 50% of new cars are still ICEs, 30% are Plugin Hybrids and only 20% are BEVs. On the EV market, especially in China, there is a brutal price war going on, with falling profits even for giants like BYD, so trying to milk the ICE market for a little more could give German car makers some air while trying to catch up (which they do if you look at the new Mercedes and BMW models).

Porsche (having the same CEO as Volkswagen) went all-in with EVs too early with offering their bread-and-butter model "Macan" as an EV exclusively, and they had to find out that it's not what their customers what at the moment, so they are currently trying to backpaddle.