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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.

Autocar India on MSN · 22m

Honda EV plans scaled down with renewed focus on hybrid cars

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Honda Walks Back EV Investment, Sales Targets on Poor Demand

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Honda takes the EV out.

Instead, it’s shifting focus to hybrids, though still plans to be selling only EVs by 2040.

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

· 21h

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

CarsGuide9m

The future is hybrid: Honda to launch 13 new hybrid cars by 2027 to battle Toyota as it backtracks on electric car plans after failed Nissan merger

Honda has become the latest global automaker to revise its electrification plans by announcing it will reduce its investments in electric vehicles (EVs) and instead prioritise advancements in its hybrid technology.

Honda reveals delay of $15-billion Canada investment part of shift in EV strategy

Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a battery and electric vehicle complex in Ontario by aroun

10h

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.