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

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...

The company has also paused its $10.7 billion Canadian EV factory conversion for two years, while still committing to a 2040 full electrification goal. Honda said it is abandoning its goal to have ...

"Based on the current market slowdown, we expect EV sales in 2030 to fall below the 30% that we previously targeted," said Honda CEO Toshihiro Mibe today. He added that electric cars might make up ...

TOKYO (AP) — Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs ... expansion of the EV market due to several ...