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Honda, EV investment and electrification

UPI on MSN · 2d

Honda to cut back on EV investment due to dissatisfaction in the market

The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market.

Nikkei Asia · 3d

Honda scales back electrification investment plan by 30%

TOKYO -- Honda Motor will scale back its electrification strategy, lowering planned investment through the fiscal year ending March 2031 by 30% to 7 trillion yen ($48.5 billion), the automaker announced Tuesday.

Reuters on MSN · 3d

Japan's Honda to scale back on electric vehicles, focus on hybrids

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models.

3don MSN

Honda pulls back on EV strategy for now and will push hybrid sales

Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous ...

2d

Japan's Honda slashes global EV investment plan and sales target on weak demand, trade turmoil

Honda said it will focus on its next-generation Hybrid EVs to be introduced into market from 2027 onward, after dropping ...

Opinion

Electrek2dOpinion

Honda commits to going out of business by pulling back on EVs as sales rise

Honda has looked at rapidly growing global EV sales and decided it would rather make itself irrelevant by reducing investment in EVs.

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