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http://www.autonews.com/article/20170801/OEM02/170809957/evs-aren-t-the-only-answer-mazda-exec-says

“The internal combustion engine has a strong future role in transportation,” Davis said. “We certainly considered the adoption of new technologies, batteries, EVs, plug-in hybrids and everything else. But they all share the internal combustion engine. So before we go into the time and effort and expense of adding electrification, we were convinced that a solid, efficient internal combustion engine was critical.” :rolleyes:
 

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It does sound like Davis is saying Mazda hasn't reached the "holy grail" of producing "a solid, efficient internal combustion engine". It sounds like a very poor excuse and not well-though out, to boot, to explain why Mazda has no EREV or BEV in the marketplace.
 
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