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'It was like a cliff': Waning PHEV demand blamed for Mazda's decision to cancel CX-90 and CX-70 plans
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'It was like a cliff': Waning PHEV demand blamed for Mazda's decision to cancel CX-90 and CX-70 plans
CX-70 and CX-90 plug-in hybrids are no longer on the table for Mazda Australia after it saw interest drop after cessation of tax benefit. CX-90 PHEV Mazda Australia has ditched plans to introduce the most expensive versions of the CX-70 and CX-90 SUVs due to the significant decrease in plug-in hybrid buyer interest after the cessation of a tax exemption. The Fringe Benefits Tax (FBT) exemption for plug-in hybrid electric vehicles (PHEVs) was di…
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