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 ...

TOKYO — Honda Motor Co. is dramatically reducing its investment and sales goals for EVs amid shifting ... Japan’s No. 2 carmaker now estimates that EV volume will be around 700,000 to 750,000 ...

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 ...

Jan Woitas/zb/dpa Japanese carmaker Honda Motor announced on Tuesday that it is realigning its automobile strategy, lowering its planned electric vehicle (EV) sales targets and reducing investment ...

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.

(RTTNews) - Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ... with the goal of covering Wall ...

May 20 (UPI) --The Honda ... of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon ...

Honda's EV goals hadn't been quite as bold as other brands, with the Japanese automaker originally aiming to have EVs represent 30 percent of its global sales by 2030. But even this mark is too ...

Honda said on Tuesday (May 20, 2025) 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 ...