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Honda plans a $20 billion pivot to hybrids

DMR News on MSN · 1d

Honda Pauses EV Strategy to Focus on Boosting Hybrid Sales

Honda announced on Tuesday that it will scale back its ambitious electric vehicle (EV) targets, citing slower-than-expected sales in the U.S. market. The Japanese automaker revealed that it would no longer aim for EVs to account for 30% of its global sales by 2030.

Insider on MSN · 2d

Honda plans a $20 billion pivot to hybrids as EV sales slow

Honda aims to sell 2.2 million hybrids a year by the end of the decade and is reducing EV investment amid slowing consumer demand.

Honda to focus on hybrid cars amid slowdown in EV demand

Japanese carmaker Honda has decided to make changes to its EV strategy due to slowing demand globally for electric vehicles. This was announced by Global CEO Toshihiro Mibe during the 2025 Honda Business

1d

Honda Slashes EV Investment, Shifts Focus to Hybrids and Flexible Manufacturing

Honda is cutting its global EV investment by 30% and delaying its Canadian EV project, shifting focus to hybrid vehicles ...

2d

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.

2don MSN

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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