https://techcrunch.com/2023/01/23/lightyear-stops-production-on-e250000-solar-powered-ev/

Solar-powered electric vehicle maker Lightyear said it’s halting production on its flagship Lightyear 0, its premium EV with a sticker price of €250,000. Despite only starting production on the vehicle three months ago, Lightyear is restructuring to focus on building a more affordable model, the Lightyear 2 for around €40,000, reports Electrek.

The news comes as many electric vehicle makers push back production and delivery dates due to a range of macroeconomic factors like semiconductor shortages, battery supply issues and rising costs of materials due to inflation. At the same time, with recession fears hanging over consumers like a dark cloud and EV startups struggling to get vehicles off the assembly line, throwing money into an extremely expensive model just doesn’t make good business sense.