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All the wrong EVs are getting canceled

The Verge / 3/20/2026

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Key Points

  • The past few weeks have been brutal for the EV industry due to slowing demand and policy shifts, triggering a wave of model cancellations.
  • Cancellations are hitting affordable models intended to expand EV adoption, while some higher-cost designs that fail to move the needle are also being dropped.
  • Volvo EX30 is cited as an example of a low-cost model that was canceled as part of what the piece calls an EV murder spree.
  • The trend signals a tougher market environment that could reshape product strategy and policy goals for electric vehicles.
Tesla Cybertruck
A Tesla Cybertruck gleaming in the lot of the Tesla showroom in North Hollywood, Los Angeles, on March 29, 2025. | Photo by Simone Lueck / The Verge

These past few weeks have been particularly brutal for the EV industry - and anyone who believes that electric vehicles are the future. Thanks to slowing demand and policy whiplashes, automakers are on an EV murder spree, killing a host of promising new models. The EV graveyard grows bigger by the minute.

And unfortunately, as is often the case, much of the focus seems to be on affordable models that had the potential to attract new customers. Meanwhile, ugly EVs that cost too much and do nothing to move the needle on EV adoption continue to darken our highways.

First, the cheap ones whose bodies have not yet gone cold. The Volvo EX30, a …

Read the full story at The Verge.