The automaker cites a market slowdown as it cuts its planned investment, but a couple of futuristic EVs are still in the works.

Honda has just announced that it will cut $21 billion from its projected EV investments, citing a decrease in electric vehicles (EV) sales that isn’t actually happening.

For the past 20 years, those who use cars for transportation have begun to consider another option for their everyday lives: the electric vehicle. Switching from a traditional vehicle to an EV could solve quite a slate of problems.