Honda reveals plans for an incremental reduction in EV investment over the next few years, favoring a heavier mix of hybrid models. The automaker cites "a slowdown in the expansion of the EV ...

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.

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 ...

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of its original multi-trillion-Yen investments, dialing down its EV and ...

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 ...

due particularly to the slowdown in the expansion of the EV market due to several factors, including changes in environmental regulations,” Honda said in a statement. Mibe did not give a ...

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be ...

Honda Motor 7267-1.36%decrease; red down pointing triangle plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows. The Japanese ...

Honda Motor Co. scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains lackluster and environmental regulations are weakened in major markets abroad.