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Honda, EV

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.

Autoblog on MSN · 1d

Honda Downshifts on Its EV Goals Amid Trade, Sales Woes

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of its original multi-trillion-Yen investments, dialing down its EV and software research and development budget from ten trillion yen (~$68.97 billion) to seven trillion yen (~$48.28 billion).

The Washington Post · 1d

Honda pulls back on EV strategy for now and will push hybrid sales

Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of having EVs reach 30% of its global vehicle sales by 2030

1don MSN

EV Battery Stock Is Surging While Honda Cuts Back on EVs

CATL, the world’s largest maker of electric-vehicle batteries, is expanding production, while Honda is cutting spending plans ...

10hon MSN

Honda Is Suddenly Scaling Back EV Plans

The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the ...

ABC Columbia1h

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 ...

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 ...

HT Auto on MSN12h

Honda scales back EV goals, shifts focus to hybrids amid global EV slowdown

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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