Nissan's decision to cancel production of two electric SUVs in the US market has sent shockwaves through the automotive industry, sparking concerns about the future of electric vehicle (EV) demand. As the global economy continues to grapple with rising inflation and recession fears, EV sales have begun to slow down, leading automakers to reassess their electric vehicle strategies. The cancellation of the two SUVs, which were expected to be key players in Nissan's EV lineup, marks a significant shift in the company's approach to the US market, where EV adoption has historically been slower than in other parts of the world. Analysts will be closely watching to see how Nissan's move affects the broader EV landscape and whether other automakers will follow suit.
Nissan Cancels Two US Electric SUVs As EV Demand Weakens GuruFocus
