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News

Honda plans a $20 billion pivot to hybrids

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Honda plans a $20 billion pivot to hybrids as EV sales slow
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.The abandoned merger with Nissan adds pressure on Honda to safeguard its future.

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 · 1d · on MSN
 · 3h · on MSN
Honda Is Suddenly Scaling Back EV Plans
 · 14h · on MSN
Honda Motor to Dial Back EV Investment
10hon MSN
Honda Revises EV Strategy, Aims Carbon Neutrality By 2050
Honda revises EV strategy, prioritizes hybrids, ADAS, cost efficiency, and sustainability, aiming for carbon neutrality and ...
1d
Honda takes the EV out.
The company is walking back some of its long-term electrification plans, cutting 3 trillion yen (about $20.8 billion) from its investment in electric cars over the next six years. Instead, it’s ...
1d
Honda slashes EV budget in fresh blow for the electric car industry amid waning demand as it vows to focus on hybrids
The Japanese automotive giant says it now expects around 20 per cent of its car sales to be electric by 2030, rather than 30 ...

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