The automaker cited several factors for its decision, including slower than expected EV adoption, trade policies and relaxed environmental regulations in the U.S.

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

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,