Dyson, founded by British inventor James Dyson, has announced that it has scrapped its plans for an electric vehicle, even though it was a “fantastic electric car”, according to Dyson himself.
The reason for the cancellation of the project was that the EV was not commercially viable, and despite its best efforts, Dyson had been unable to find a purchaser for the project. The original plans for the project had allocated more than £2 billion in 2016, £1 billion of which would be for building the car, and the other £1 billion would be for developing the electric batteries.
As recently as October 2018, Dyson had announced plans for a new plant in Singapore to build the car, which was expected to complete next year, and the first deliveries would take place in early 2021. On announcing the cancellation, Dyson said:
“The Dyson automotive team has developed a fantastic car; they have been ingenious in their approach while remaining faithful to our philosophies.”
The electric car division of Dyson employed over 500 people, who will be relocated to alternative roles within the company, most famously known for its vacuum cleaners.