The Don Panoz-led Green4U GT-EV project, which was announced at Le Mans last year, has officially been shelved.

Originally, Panoz’s plan, was to race the all-electric car as a Garage 56 entry at Le Mans this year, though back in December 2017 Green4U told DSC that discussions were still ongoing about a Le Mans entry and that the project “hadn’t been granted a Garage 56 slot for 2018 or beyond”.

DSC reached out to Panoz/Green4U, following a story by a European outlet which reported that the project was dead, to seek further clarification.

“Don Panoz has decided not to move forward with the Green4U Panoz Racing GT-EV electric race car project,” a spokesperson told DSC.

“He is instead devoting all resources on developing the Green4U Technologies business and launching the company’s future lineup of electric vehicles.”

The GT-EV concept was an ambitious one. The initial aim was to compete at Le Mans at GTE pace with the all-electric car, replacing the batteries at each pit stop. To do this, Panoz partnered with Green4U, a business dedicated to producing environmentally friendly vehicles for industrial purposes. There were also plans to launch the GT-EV as a road-legal car.

Alongside it’s Green4U commitments, Panoz is still racing, in the Pirelli World Challenge’s GTS category with the GT4 Avezzano.