News

Honda reducing EV investments by $21B, shifting focus to hybrids, ADAS tech
The automaker cited several factors for its decision, including slower than expected EV adoption, trade policies and relaxed ...
Honda to cut back on EV investment due to dissatisfaction in the market
The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in ...
Honda Walks Back EV Investment, Sales Targets on Poor Demand
Honda Motor Co. scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains ...
Honda Motor to Cut EV Investment by More Than $20 Billion
Honda Motor plans to reduce its electric-vehicle investment by more than $20 billion through the fiscal year ending March ...
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 ...