"For those who cannot, or do not wish to, find alternative roles, we will support them fairly and with the respect deserved.
"This is a challenging time for our colleagues and I appreciate your understanding and sensitivity as we consult with those who are affected.
"Dyson will continue its £2.5 billion investment programme into new technology and grow the Dyson Institute of Engineering and Technology."
Sites including Malmesbury in Wiltshire, and Singapore will be expanded and the company will concentrate on the "formidable task" of manufacturing solid state batteries and other technologies.
He added: "In summary, our investment appetite is undiminished and we will continue to deepen our roots in both the UK and Singapore."
Around 520 people were in the Dyson Automotive team, mainly based in the UK.
Development was taking place at Dyson's Hullavington campus in Wiltshire although the company has not publicised a prototype.