Nissan to scrap U.S. EV production plan amid slowing demand

Nissan Motor Co. said Friday it will scrap its plan to produce electric vehicles in the United States as demand is slowing, partly due to the end of a tax break on EV purchases in the country.The Japanese automaker "remains fully committed to the U.S. as a lead market and a foundation for stable returns and sustained growth," its official said.Nissan explained to U.S. auto parts suppliers that it would cancel the planned output of EV vehicles at a plant in Canton, Mississippi, and instead increase production of other models there.The carmaker's production strategy in the United States, whic…READ FULL ARTICLE