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Honda plans a $20 billion pivot to hybrids

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.

· 19h · on MSN

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

· 19h

Honda CEO Is All About Hybrids Now That EV Adoption Is ‘Pushed Back 5-6 Years’

· 1d

Japan's Honda to scale back on electric vehicles, focus on hybrids

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on capturing growing demand for hybrids with new models.

Electrek · 18h

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

· 1d

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

4hon MSN

Honda Revises EV Strategy, Aims Carbon Neutrality By 2050

Honda revises EV strategy, prioritizes hybrids, ADAS, cost efficiency, and sustainability, aiming for carbon neutrality and safer mobility by 2050.

Japan's Honda slashes global EV investment plan and sales target on weak demand, trade turmoil

Honda said it will focus on its next-generation Hybrid EVs to be introduced into market from 2027 onward, after dropping proposed investment in EVs to 7 trillion yen, or $48.3 billion.

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,

20h

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.