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UPI on MSN · 3d

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.

InsideEVs on MSN · 3d

Honda Is Already Backing Off Its Big EV Plans

The automaker said it will likely miss its previous goal of having 30% of all car sales come from EVs in 2030.

Honda scales back EV goals, slashes investment amid slowing U.S. demand

Honda is backing away from its aggressive electric vehicle (EV) ambitions, citing a cooling U.S. market and growing global ...

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 ...

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