Mazda would instead focus on exporting EVs from its homeland as part of its $10.6 billion investment into electrification through 2030. Part of the blueprint is a third-stage full-EV ramp-up starting in 2028.
“Our assumption for North American production of EVs is Phase 3 timing,” said Moro. He added that Mazda is planning two varieties of full electrics.
One will be an EV based on an existing architecture capable of running with ICE and hybrid powertrains. A dedicated EV platform will underpin the other. Both will be introduced in the 2025-2027 stage two.
Moro admitted the company doesn’t have the money to invest in a new EV factory in North America. Mazda may have two plants in the region, but Moro said they are not thinking about making EVs in any of those soon.