Wednesday, February 1, 2023
News Shareholders Want A New EVO But Mitsubishi Is Concentrating On EVs

Shareholders Want A New EVO But Mitsubishi Is Concentrating On EVs

With a focus on profitability, the rebirth of a Mitsubishi Evolution is unlikely

  • The promised return of Ralliart would have brought this on.

  • Mitsubishi plans to offer many new EVs by 2030.

Mitsubishi has been through tough times over the last few years, a timeline some think coincides with the demise of the flagship high-performance car. At a recent annual general shareholders meeting, calls for the EVO’s return were made.

As much as everyone would love to see a new Mitsubishi Evolution produced and sold, investing in such a vehicle makes little sense. As it stands, Mitsubishi is investing heavily in new electric vehicles.

Mitsubishi Motors in the UK announces details of its heritage fleet auction | Photo: Auto Auction

“Electrification costs a lot of development costs, and the company is still not strong enough, [sic]” Mitsubishi Motors’ CEO and President Takao Kato said. “We had a big deficit in the previous fiscal year, so we first revived the company [sic] and then put out the cars that fans are waiting for. I want to go [back to building the Evo too].”

These final words could indicate that a future EVO might be all-electric as thought by The Drive. The next step is Ralliart’s revival with the addition of two new performance models including one SUV.

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


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