Honda EV Goals Downshift

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Honda softens EV goals

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 uncertainty.

Autoblog on MSN · 3d

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).

Hartford Courant · 3d

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

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 ...

AutoGuide4d

Honda Walks Back EV Strategy, Promises More Hybrids Instead

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 ...

Inside EVs4d

Honda Cuts EV Investments, Pivots To Hybrids

"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 ...

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Honda softens EV goals

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