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Honda scales back electrification investment plan by 30%

TOKYO -- Honda Motor will scale back its electrification strategy, lowering planned investment through the fiscal year ending March 2031 by 30% to 7 trillion yen ($48.5 billion), the automaker announced Tuesday.

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Nikkei Asia · 3d

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Honda to cut back on EV investment due to dissatisfaction in the market

· 3d · on MSN

Honda Is Already Backing Off Its Big EV Plans

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 ...

2d

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 ...

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