"In just about the last week, Honda axed plans for three new built-in-America models, Volvo canned the EX30, and Hyundai said it would stop selling the standard Ioniq 6."
"Some canceled models just proved to be the wrong product at the wrong time, and lacked the juice to compete without incentives."
"The whole trend raises real questions about which companies will lead the future of this industry."
"Some decisions are more head-scratching like Honda's call to scrap its first fully in-house EV project months before the start of production."
Recent cancellations of electric vehicle models by manufacturers like Honda, Volvo, and Hyundai signal a significant shift in the EV market. The end of the EV tax credit and changing consumer preferences have led to the axing of several planned models, including the Ford F-150 Lightning and Acura ZDX. Many canceled models failed to meet market demands or were created to satisfy regulations that are now less stringent. This trend raises questions about which companies will dominate the future of the electric vehicle industry.
Read at insideevs.com
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