"Electric Vehicle Slump: Another Major Player Abandons EV Plans. In a surprising move, global automaker ZC has announced it will be halting development of its next-generation electric sedan, joining a growing list of manufacturers including Honda, Mazda, and Subaru that have scaled back or abandoned their electric vehicle (EV) plans. The decision comes as demand for EVs slumps globally, with many experts pointing to the expiration of U.S. federal incentives as a major contributor to the decline. As the EV market continues to face challenges, it remains to be seen how this shift in strategy will impact the industry and the future of electric vehicles."
ZC next-generation electric sedan, joining Honda, Mazda and Subaru in pulling back from EV development plans as demand slumps globally and U.S. incentives end.
