Honda has reportedly canceled plans for a large electric SUV originally set to launch in 2027, responding to weakening EV ...

Honda decided to focus on ICEs and hybrids rather than rolling out one more electric crossover that the market is not ready ...

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.

The model was initially scheduled to debut in 2027, joining the midsize SUV and sedan that will arrive in 2026 ...

Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business. The changes were evolved as the Japanese auto major is shifting its focus from EVs to ...

As a result, Honda plans to reduce its EV-related investment from $69 billion to $48 billion, while placing a heavier focus on hybrid models, which it collectively calls HEVs.

Honda Motor to Dial Back EV Investment. Kosaku Narioka . Tue, May 20, ... Honda said there was no change in its position that EVs are the best option to achieve carbon neutrality for passenger ...

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.

Honda said it will reduce its planned EV investments by $21 billion, ... Further, those regulations are likely not changing nearly enough to make up for Honda’s change in strategy here.

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 ...

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 ...