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Dyson's sudden decision to scrap its $2.

5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.

The famed maker of vacuum cleaners and hair dryers couldn't find a way to make the project commercially viable, billionaire James Dyson said in a letter to staff Thursday. The announcement came about two years after the company first disclosed its plans to jump into car manufacturing.

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Dyson Scraps Plans To Build An EV Car

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