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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 in global demand. The company has reduced its target for EV sales from 30 per cent to 20 per cent by 2030.
At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...
Honda revises EV strategy, prioritizes hybrids, ADAS, cost efficiency, and sustainability, aiming for carbon neutrality and ...
The company is walking back some of its long-term electrification plans, cutting 3 trillion yen (about $20.8 billion) from its investment in electric cars over the next six years. Instead, it’s ...
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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