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Honda pulls back on EV investment
(CNN)– Honda is pumping the brakes on its electric vehicle production. The automaker says it will cut investments into EV’s by around $20 billion over the next few years. Honda is now reviewing the timing of construction of dedicated EV plants given weaker-than-expected demand for those vehicles.
For the past 20 years, those who use cars for transportation have begun to consider another option for their everyday lives: ...
Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to ...
A few years ago, the auto industry was on a frenetic tear to introduce electric vehicles, convinced the transition was imminent. Many of the Japanese automakers, Honda included, were slow to ...
Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be ...
On Tuesday, the Japanese carmaker said it will focus on hybrid cars, and will launch 13 models between 2027 and 2031 as ...
Honda said it will focus on its next-generation Hybrid EVs to be introduced into market from 2027 onward, after dropping ...
Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be ...
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