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Tuesday, February 7, 2023

Lightyear stops production of its €250,000 solar EV to focus on its lower-cost model

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The Netherlands-based manufacturer of solar EVs, Lightyear has announced that it will freeze production of its flagship model, the Lightyear 0 — less than three months after commissioning. As part of a “strategic restructuring”, the company will now focus on making the Lightyear 2, which will cost around €40,000. It is expected to go into production at the end of 2025.

The company’s journey has been long and impressive. Lightyear, from a student team at a solar vehicle competition, transformed into a start-up in 2016 and quickly put itself on the automotive map with the Lightyear 0. The solar-powered electric car had exciting internal technology and promised to be a game changer in a niche market. It also came with a prohibitive price tag: €250,000.