The great EV pullback: all the obstacles, cancellations, and delays
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Mazda delays its first EV by two years.
That means we won’t get an all-electric Mazda until 2029 at the earliest. The Japanese automaker also plans on slashing its investment in EVs to ¥1.2 trillion ($7.52 billion) through 2030, down from an earlier budget of ¥2.0 trillion ($12.53 billion), the CEO told Automotive News. I guess it could have been worse; Mazda could have gone full Honda and cancelled everything.
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