- Mazda was supposed to launch its first long-range EV next year, but it just kicked the can down the road, with the EV now planned for 2029 or later.
- Not only is it delaying the project, but its CEO also admitted that the company had not taken any major steps toward production of the EV before the change of plans.
- Mazda has to balance its need to develop next-gen EVs with a slower-than-expected transition in the U.S. and a much smaller cash pile than its competitors.
In the race to build compelling, affordable, long-range EVs, it would be charitable to describe Mazda as "behind." It's more accurate to say the company isn't really competing. It has launched just one EV in America, the MX-30, which launched in 2021 with specs you'd have expected to see in 2011: 100 miles of EPA range for $35,000. Unsurprisingly, it died in our market within two years.
