
FILE PHOTO: U.S. Energy Secretary Jennifer Granholm views a Blink charging station on a visit to the Washington Auto Show in Washington, U.S. January 25, 2023. REUTERS/Jonathan Ernst/File Photo
(Reuters) -Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand.
Higher borrowing costs and a growing consumer preference for gasoline-electric hybrids have dampened EV sales, putting pressure on makers of both electric vehicles and the associated charging infrastructure.