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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 response to its disappointment in the growth of the EV market.

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· 4d · on MSN

· 4d · on MSN

Honda Motor to Cut EV Investment by More Than $20 Billion

Autobody News · 3d

Honda Cuts EV Investment by 30%, Shifts Focus to Hybrids

4d

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.

Honda scales back EV goals, slashes investment amid slowing U.S. demand

Honda is backing away from its aggressive electric vehicle (EV) ambitions, citing a cooling U.S. market and growing global ...

2d

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 ...

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