Lotus abandons plans to go all electric by 2028
British sports car manufacturer Lotus has abandoned plans to go fully electric by 2028. Now deciding to develop super hybrids or range extenders ā blending high performance with a fuel range of 1100 km or more. Lotus now owned by Chinese company Geely says its step back from an all-electric future has been dictated by slowing high-end EV sales. Despite switching to hybrids, the company says it will not compromise on technology and instill its super hybrids with a 900-volt electrical architecture, turbocharged engines, and a large battery pack. Lotus sold 7543 vehicles in the first nine months of this year, its first electric car the Eletre SUV, the first Lotus to be manufactured in China selling well, however the company still managed to lose a hefty $770 million dollars in the first half. Iām David Berthon.
Download this podcast here