Suzuki puts future EVs on hold as it "monitors" electric car market

Japanese automaker Suzuki has hit the pause button on its electric vehicle (EV) plans, citing a need to "monitor" the market before committing to future investments.

The decision comes as the global automotive industry grapples with a number of challenges, including the ongoing COVID-19 pandemic, rising raw material costs, and the semiconductor chip shortage.

Suzuki is not alone in its cautious approach to EVs.

A number of other automakers, including Toyota and Honda, have also scaled back their EV plans in recent months.

Suzuki says it will continue to monitor the EV market and will make a decision on future investments at a later date.

In the meantime, the company will focus on its existing lineup of gasoline-powered vehicles.

Suzuki's decision to put its EV plans on hold is a setback for the company's efforts to reduce its carbon footprint.

The company had previously announced plans to launch a number of EVs in the coming years.

However, Suzuki's decision is understandable in light of the current challenges facing the automotive industry.

The company needs to ensure that it has the resources to weather the current storm before it can commit to major new investments.

Suzuki's decision is also a reminder that the transition to EVs is not going to be easy.

There are a number of challenges that need to be overcome, including the high cost of EVs, the lack of charging infrastructure, and the range anxiety of consumers.

However, the transition to EVs is essential if we want to reduce our reliance on fossil fuels and mitigate the effects of climate change.

Suzuki's decision to put its EV plans on hold is a setback, but it is not the end of the story.

The company is still committed to EVs, and it will continue to monitor the market and make decisions based on the latest data.

In the meantime, we should all continue to support the transition to EVs by investing in charging infrastructure and by choosing to buy EVs when we are in the market for a new car.