U.K. billionaire James Dyson pulls the plug on his electric car
Michael is joined by Trent Nikolic, from Caradvice.com.au, for his take on U.K. billionaire James Dyson pulling the plug on his electric car which would have had a 600-mile range per charge and could go from zero to 62 mph in 4.8 seconds.
But after funding the project out of his own money, a reported $940 million, Dyson scrapped the EV plans last October telling his staff via email “though we have tried very hard throughout the development process we simply can no longer see a way to make it commercially viable.”
He added that the company would “concentrate on the formidable task of manufacturing solid-state batteries” as well as other “fundamental” technologies such as machine learning & AI.
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