Transportation
Jim Ratcliffe’s Ineos Puts Electric SUV Plan on Back Burner
- Production of Fusilier model had been slated to start in 2027
- Weaker EV demand, tariff uncertainty cited as cause for delay
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Jim Ratcliffe’s Ineos Group is delaying its electric sport utility vehicle, blaming waning consumer demand for EVs and uncertainty around tariffs.
Production of the Fusilier, a smaller vehicle than the Grenadier 4x4 that the company started selling last year, had been expected to begin in 2027. Ineos on Wednesday didn’t specify a new timeline.