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Insider on MSN · 2d

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.

Autoblog on MSN · 1d

Honda Downshifts on Its EV Goals Amid Trade, Sales Woes

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of its original multi-trillion-Yen investments, dialing down its EV and software research and development budget from ten trillion yen (~$68.97 billion) to seven trillion yen (~$48.28 billion).

Autoweek on MSN · 1d

Honda Is Suddenly Scaling Back EV Plans

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

8h

Honda Hits The Brakes On EV Push: Here's What’s Behind The Shift

Honda Motor Company has announced a significant revision to its electric vehicle (EV) strategy in response to an EV slowdown ...

6h

2025 Honda CR-V Hybrid Review: Sport Touring Is Capable But MPG Falls Short

Honda's electrified CR-V combines familiarity with an economy bump, but are the gas savings here enough to offset a higher ...

2d

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 ...

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