"Former Ford CEO Warns of Financial Trouble for EV Startups as Adoption Lags"

Former Ford CEO Mark Fields warns that the transition to electric vehicles (EVs) is taking longer than expected, leading to financial trouble for EV startups as mainstream consumers remain focused on cost and convenience. Sales of hybrid vehicles are soaring, with Toyota and Ford benefiting from the trend. Struggling EV startups like Fisker, Rivian, and Lucid are facing market challenges, with plummeting market caps and concerns about funding and bankruptcy.