Top Gear suffered its worst ratings of the series during last night's finale, falling by nearly 50 per cent since the opening episode.
A BBC spokeswoman said there are "no immediate plans to replace Chris Evans and do not expect to do so going forward".
It was previously reported that the host's commitment to "Top Gear" had ruled him out of another series of "TFI", which was brought back for a 20th anniversary special and a 10-episode run a year ago, with Nick Grimshaw even mooted as a possible replacement.
Evans announced his resignation on Twitter where he told his followers: "Stepping down from Top Gear".
In a statement released via the BBC, he said: "I have never worked with a more committed and driven team than the team I have worked with over the last 12 months". "I feel like standing aside is the single best thing I can no do to help the cause". Gave it my best shot but sometimes that's not enough.
"I think the biggest mistake was the first show".
The six-episode series was beset by unfavourable reviews, crashing ratings and reports of a breakdown in the relationship between the two lead hosts.
On TOP GEAR, hosts Chris Evans; Matt LeBlanc, along with Sabine Schmitz; Chris Harris; Eddie Jordan; Rory Reid and The Stig drove over 7500 miles, undertaken both on and off road challenges, tested the very latest cars and filmed in nine countries across four continents to create the new season. There are no indications that Evans was pushed out by the producers and the network due to a slump in ratings, which hit a low mark several weeks ago that had not been seen since a 2003 episode with Jeremy Clarkson, Richard Hammond and James May.
A smiling Evans remained silent as he left the central London studios where he presented his BBC breakfast show.
Evans, meanwhile, is planning to focus his attention on his other media projects and is expected to stay with the BBC.