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Honda plans a $20 billion pivot to hybrids

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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.

· 1d · on MSN

· 12h · on MSN

Honda Is Suddenly Scaling Back EV Plans

· 22h · on MSN

Honda Motor to Dial Back EV Investment

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

Honda said that its future hybrid models will “play a key role during the transition period toward the popularization of EVs.”

Electrek · 1d

EconoTimes · 1d

Honda Cuts EV Investment, Shifts Focus to Hybrids Amid Weak Demand

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Japan's Honda scales back EV investments, shifts focus to hybrid vehicles

Honda takes the EV out.

The company is walking back some of its long-term electrification plans, cutting 3 trillion yen (about $20.8 billion) from its investment in electric cars over the next six years. Instead, it’s shifting focus to hybrids,

Honda slashes EV budget in fresh blow for the electric car industry amid waning demand as it vows to focus on hybrids

The Japanese automotive giant says it now expects around 20 per cent of its car sales to be electric by 2030, rather than 30 percent, amid dwindling demand.