PSA Peugeot Citroën suspends intake of i-MiEVs due to low sales

(Before It's News)

The Nikkei reported that PSA Peugeot Citroën has suspended deliveries of Mitsubishi Motors’s i-MiEV electric cars to avoid inventory build-up amid lower-than-expected sales.

In 2010, the two companies had signed a Final Cooperative Agreement regarding development and supply of 100,000 units of the i-MiEV to PSA Peugeot Citroën (PSA). PSA rebadges the i-MiEV as the Peugeot iOn and the Citroën C-Zero.

Plug-in electric vehicles haven’t seen the rapid uptake that some car makers had hoped, held back by their high cost, the lack of charging facilities and limited range of around 180 kilometers, although this is improving as the technology develops.

Over the first six months of this year, the company sold 900 Peugeot iOns, down 40% from the same period of 2011, and 1,200 Citroen C-Zeros.

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