00:00Sony and Honda's Afila One electric car of the future is officially dead.
00:06The near $90,000 PlayStation on wheels was set to go into production in just a few months
00:12to rival Tesla but it's not going to happen because as the years passed and the project
00:18blew out became less and less competitive and impressive. A 360 kilowatt dual-motor EV
00:24with 300-ish miles of range and 40 sensors for level 2 autonomous driving is kind of last year.
00:31But the reality is that Honda's facing a near $16 billion restructuring and it killed off the car
00:38that this was meant to be based on so there is no Afila. I also think they realize that the
00:42150
00:43kilowatt DC charge rate and the 300 miles of range just aren't competitive with the current market,
00:49the Teslas of the world, let alone the new BMW i3 that has 900 kilometers of range.
00:55The business plan was also a mess. It required buyers to live garage and register their Afila
01:01in California only so I don't really know how you build a car business around that.
01:06The bottom line here is that the Afila is officially vaporware and every customer who
01:10made a reservation is now getting a refund. It's a tough blow for Sony but maybe it's a good one
01:16given the competition.
