Honda plans to reduce EV investment by $20 billion to focus on hybrids amid a global sales slowdown. Its CEO cited regulatory changes and slowing EV growth as key reasons for a strategic shift.

Honda will shift its focus instead to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027. Japan’s No. 2 carmaker now estimates that EV volume will be ...

(RTTNews) - Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile ...

May 20 (UPI) --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 ...

Its CEO cited regulatory changes and slowing EV growth as key reasons for a strategic shift. The abandoned merger with Nissan adds pressure on Honda to safeguard its future. Honda is dialing back ...

Honda is shifting its strategic focus from electric vehicles (EVs) to hybrid vehicles in response to slowing demand for electric vehicles (EVs). The company announced a reduction in its planned ...

Honda will accelerate the launch of 13 new hybrid models globally by 2031, with a focus on larger vehicles for North America. The company has also paused its $10.7 billion Canadian EV factory ...

chief executive Toshihiro Mibe said that Honda was reducing its planned global investment in EVs by 30 per cent — to $67.5 billion (7 trillion yen) from $96.4 billion (10 trillion yen) — over the next ...

The revision to the plan reflects Honda's postponement of a 1.5 trillion-yen investment plan to start operations of new EV facilities in Canada, including an EV factory and battery plant ...

Honda Prologue. Honda “If the EV penetration period is pushed back a little, I feel that it will be pushed back by about five years, especially in North America,” Mibe added. “The Trump ...

Honda Motor 72670.50%increase; green up pointing triangle plans to reduce its electric-vehicle investment by more than $20 billion through the fiscal year ending March 2031 from its original plan ...

0:35 Joly to speak with Honda after it postponed $15B EV investments in Ontario Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its ...