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Honda pulls back on EV investment
(CNN)– Honda is pumping the brakes on its electric vehicle production. The automaker says it will cut investments into EV’s by around $20 billion over the next few years. Honda is now reviewing the timing of construction of dedicated EV plants given weaker-than-expected demand for those vehicles.
Honda plans to reduce EV investment by $20 billion to focus on hybrids amid a global sales slowdown.Its CEO cited regulatory ...
The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the ...
Honda Motor Co. scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains ...
The automaker cited several factors for its decision, including slower than expected EV adoption, trade policies and relaxed ...
At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...
Honda revises EV strategy, prioritizes hybrids, ADAS, cost efficiency, and sustainability, aiming for carbon neutrality and ...
Originally aiming for EVs to comprise 30 per cent of its global vehicle sales by 2030, Honda has now abandoned that target.
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