News
Mazda Lowers Its Investment In Electric Cars
Mazda is once again delaying the launch of its new electric vehicles. The company originally planned to launch a new electric car in 2027, but then pushed that deadline back to 2028. Now it looks like it won’t arrive until at least 2029.
Mazda CEO Masahiro Moro points out: “When it comes to electric vehicles, we have always been cautious.”
As part of this change, Mazda is cutting its investment in electric vehicles by almost half, from about $12.5 billion to $7.5 billion by 2030.
The Japanese automaker now expects electric vehicles to account for about 15 percent of its total sales by the end of the decade, with annual production targets of 200,000 to 250,000 units. That’s a big drop from its previous target of 25 to 40 percent.
Instead, Mazda is doubling down on its investment in hybrids, where it sees greater demand and better profitability.
Mazda has also confirmed a new generation of the CX-3, which will likely also get a hybrid powertrain.
-
News1 week agoVision BMW Alpina, Lamborghini Fenomeno Roadster, Ferrari Luce, Mercedes-AMG GT 4-Door Coupé, News In May
-
News7 days agoLiberian Senator’s Toyota Land Cruiser SUV Nearly Fell Into River After Its Tyres Slipped Off A Narrow Bridge
-
News1 week agoDangote’s Leopard 8 SUV, Davido’s Mercedes‑Maybach SL 680, Burna Boy’s Bugatti Chiron, All-new Nord A7 SUV, Nigerian News In May
-
News6 days agoVolkswagen ID.4 Owners File A Lawsuit Regarding Charging Limits And Battery Recall
-
News4 days agoFord Recalls Several Vehicles Over Defective Ecoboost That Can Cut Power
-
News5 days agoBYD Executive Vice President Says Brands Like Maserati Are “Very Interesting”
-
News1 week ago‘GR Corolla On Steroids’ : Toyota Introduces All-new Track-bred 2027 GRMN Corolla
-
News3 days agoNo Casualties Reported As Mercedes-Benz G-Class Collides With A Barrier At Eko Hotel Roundabout