Home Features Podcast This Is Why So Many EVs Are Getting Canceled On this week's Plugged-In Podcast, we dive into the EV apocalypse, the BMW i3, and high gas prices
Key Highlights
- 1:13:51 Tim Levin By : Tim Levin Mar 20, at 10:05am ET "/> Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail copy Share Comment Anybody who pays close attention to the electric-car space expected a shift once the EV tax credit and other regulations vanished
- But I'm not sure anybody thought manufacturers would blow up this many plans, this quickly
- 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 (everything but the hotted-up N version, that is)
Details
Those are just the latest in a tsunami of reversals that claimed existing models like the Ford F-150 Lightning and Acura ZDX, along with future models that now won't see the light of day for a long time. Mack Hogan and I break it down on this week's Plugged-In Podcast, available on audio platforms and YouTube . We talk about the EVs that probably deserved it, and which we think might be next to get a knock from the Grim Reaper. In a way, this marks the end of the "first-draft era" for EVs.
What This Means for EV Owners
Some canceled models just proved to be the wrong product at the wrong time, and lacked the juice to compete without incentives. I think the pricey F-150 Lightning and Volkswagen ID. Buzz fall into that category (though the latter is just skipping a model year, not canceled outright. ) It's not surprising either to see sedans like the Ioniq 6 and Tesla Model S meet their end in a market that's craving SUVs in particular.