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(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 ...
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Honda Cuts EV Investments, Pivots To Hybrids - MSNThe cut comes after Honda said earlier this month that it would pause its $10.7 billion plan to transform its factory in Ontario, Canada, into an EV-building hub that would support the one in Ohio.
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.
By Kosaku Narioka Honda Motor plans to reduce its electric-vehicle investment by more than $20 billion through the fiscal year ending March 2031 from its original plan.
Honda Is Already Backing Off Its Big EV Plans The automaker said it will likely miss its previous goal of having 30% of all car sales come from EVs in 2030.
The Japanese carmaker plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows.
TOKYO (Kyodo) -- Honda Motor Co. said Tuesday it will cut its investment plan for electric vehicle technology through fiscal 2030 to around 7 trillion ...
Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.
The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the works.
The Japanese automaker's upcoming large SUV has fallen victim to a plan to slash $20 billion from its EV development budget ...
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