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Honda plans a $20 billion pivot to hybrids

Honda to postpone plans for EV plant in Canada for at least 2 years

Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.

· 7d · on MSN

· 1d · on MSN

Honda plans a $20 billion pivot to hybrids as EV sales slow

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Honda Walks Back EV Investment, Sales Targets on Poor Demand

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

Honda didn’t precisely state its new timeline, but said that EVs would fall below the previously-announced target of 30% by 2030.

Electrek · 20h

EconoTimes · 1d

Honda Cuts EV Investment, Shifts Focus to Hybrids Amid Weak Demand

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Japan's Honda scales back EV investments, shifts focus to hybrid vehicles

21h

Honda reveals delay of $15-billion Canada investment part of shift in EV strategy

Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a battery and electric vehicle complex in Ontario by aroun

7don MSN

Ford vows to hold Honda 'accountable' after it postpones $15B Ontario EV project

Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.

The Canadian Press on MSN7d

Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.

Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.

1don MSN

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.

Electric Autonomy Canada5d

Honda hits pause on $15-billion EV value chain build out in Ontario

Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its Canadian EV plans

8don MSN

Honda Canada postpones multibillion EV investment project in Ontario

Honda Canada will postpone a $15-billion electric vehicle investment project in Canada’s most populous province, including a proposed EV battery plant and retooled vehicle assembly facility.

6don MSN

Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment

Honda delays its $15 billion investment in Canada due to slowing EV demand. The postponement affects plans for a 240,000-vehicle EV plant and battery facility. EV sales continue to rise in Canada and the US,

6don MSN

Honda assures Canada no jobs will be lost after EV plan postponement, minister says

Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, Industry Minister Melanie Joly said on Wednesday, in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.

Yahoo Finance7d

Honda postpones $11B EV production investment in Canada

Honda last April announced plans to invest up to $11 billion to establish an EV production hub in Canada, which included a factory with an annual output of 240,000 EVs a year and a 36 GWh battery ...

Honda faces 59% profit drop, pauses EV supply chain expansion in Canada

Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.

Honda Earnings: Hybrids Deliver, But Tariffs And EV Delays Weigh Heavily

Honda Motor Co., Ltd.'s FY2025 earnings show strong motorcycle sales, but auto struggles, a 12% profit dip, and FY2026 conservative guidance. Click for more on HMC.