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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.
The automaker cited several factors for its decision, including slower than expected EV adoption, trade policies and relaxed ...
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 ...
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