May 22 (Reuters) - Volkswagen has delayed

the launch of its electric ID.7 sedan in the U.S. and Canada,

the German automaker said on Wednesday, citing changing market

dynamics.

The company did not provide a new timeline for the launch of

the electric sedan. It was slated to be rolled out in the U.S.

and Canada later this year.

Global automakers including Ford, General Motors ( GM )

and Mercedes are rethinking their EV plans as

the sector struggles with slowing demand. They are instead

focusing on higher-margin hybrids and gasoline-powered models.

Earlier this year, Volkswagen told Reuters that it was

sticking with its plans to launch 25 EVs in North America by

2030, but was ready to adjust as the market shifts.