Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models.

13 hybrid models to be globally introduced over four years starting from 2027: Honda Motor CEO (Global) Toshihiro Mibe.

Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to encourage EV purchases - Honda. Honda is scaling back investme