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Honda plans a $20 billion pivot to hybrids

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.

· 1d · on MSN

· 13h · on MSN

Honda Is Suddenly Scaling Back EV Plans

· 1d · on MSN

Honda Downshifts on Its EV Goals Amid Trade, Sales Woes

Honda commits to going out of business by pulling back on EVs as sales rise

Honda said that its future hybrid models will “play a key role during the transition period toward the popularization of EVs.”

Electrek · 1d

EconoTimes · 1d

Honda Cuts EV Investment, Shifts Focus to Hybrids Amid Weak Demand

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Japan's Honda scales back EV investments, shifts focus to hybrid vehicles

23hon MSN

Honda Motor to Dial Back EV Investment

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.

20hon 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 safer mobility by 2050.

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 percent, amid dwindling demand.