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Honda slashes £15bn from electric car budget to focus on hybrids
Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to ...
Honda CEO Is All About Hybrids Now That EV Adoption Is ‘Pushed Back 5-6 Years’
Honda CEO Toshihiro Mibe is adjusting his company’s course after recent events drastically altered the global outlook for ...
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 ...
Honda pulls back on EV strategy for now and will push hybrid sales
Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of ...
Honda to cut back on EV investment due to dissatisfaction in the market
The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in ...
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Honda Cuts EV Investment by 30%, Shifts Focus to Hybrids
Honda said despite the shift in strategy, it still aims for all of its global new-vehicle sales to come from battery-electric ...
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Honda pulls back on EV investment
(CNN)– Honda is pumping the brakes on its electric vehicle production. The automaker says it will cut investments into EV’s by around $20 billion over the next few years. Honda is now reviewing the ...