Suzuki puts future EVs on hold as it "monitors" electric car market

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President Toshihiro Suzuki says decision down to slowdown in EV growth and popularity in cheap Chinese electric cars

Suzuki has put its future electric cars on hold while it “monitors the market” amid a general slowdown in EV interest, president Toshihiro Suzuki has said. Four electric models were due before the turn of the decade as part of a $35 billion EV investment, starting with the eVitara which was launched today.

” He added: “Looking at the current situations, the government incentives for BEVs are going out and with Chinese EVs that have very strong competitiveness you have to think carefully about what type of BEV should be introduced to the market and in what time.” Speaking about the next EV, which will be “smaller than the eVitara”, Toshihiro Suzuki said: “All I can say is look forward to it, but again we have to keep watching how eVitara sales will go but also how the market trends goes .

 

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