Honda pulls back on EV strategy for ... Honda Motor Co. Chief Executive Toshihiro Mibe called the decisions “a switch in the planned course,” while stressing the long-term shift toward ...

Honda has halted development of its large electric SUV due to the early termination of the U.S. electric vehicle subsidy ...

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

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’s profit for the fiscal year through March slipped 24.5% from the previous year. But much of the negative impact is from external factors like tariffs and sliding sales in China.

TOKYO (AP) — Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030 ...

Honda pulls back on EV strategy for now and will push hybrid sales Honda’s auto plant in Marysville, Ohio, for instance, will be adapted to produce both EVs and hybrids under the new plan.