Honda EV Strategy Shift

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Honda, EV and Focus

Honda Pauses EV Strategy to Focus on Boosting Hybrid Sales

Honda announced on Tuesday that it will scale back its ambitious electric vehicle (EV) targets, citing slower-than-expected sales in the U.S. market. The Japanese automaker revealed that it would no longer aim for EVs to account for 30% of its global sales by 2030.

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

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Honda Slashes EV Investment, Shifts Focus to Hybrids and Flexible Manufacturing

Honda Motor to Cut EV Investment by More Than $20 Billion

The Japanese automaker said Tuesday that it will invest seven trillion yen, equivalent to $48.32 billion, to realize its electrification strategy, down from the ¥10 trillion it previously planned.

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Honda Walks Back EV Investment, Sales Targets on Poor Demand

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Honda commits to going out of business by pulling back on EVs as sales rise

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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 works.

Honda reveals delay of $15-billion Canada investment part of shift in EV strategy

Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a battery and electric vehicle complex in Ontario by aroun

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Honda shifts gears: Emphasis returns to hybrids as EV bets cool

In a notable pivot, Honda Motor has announced it is pulling back on its electric vehicle (EV) investments, redirecting focus toward hybrid models amid a cooli

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

Honda reduces investment in electrification strategy due to market uncertainty and shifts focus to hybrids production.

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.

DPA International on MSN23h

Japan's Honda lowers electric vehicle goals amid strategic shift

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 in EV development in response to a recent market slowdown.