Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of ...

Honda announced on Tuesday that it will scale back its ambitious electric vehicle (EV) targets, citing slower-than-expected ...

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

CEO Toshihiro Mibe called it “a switch in the planned course,” stressing the long-term shift toward electrification remained ...

Instead of the initial plan to invest 10 trillion Yen ($69 billion) in an electrification strategy ... EV market due to several factors, including changes in environmental regulations,” Honda ...

Honda announced Tuesday that, due to recent market slowdown, it doesn’t expect to meet its previous electric vehicle (EV) ...

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.

Meanwhile, the higher sales were led mainly by new models, including the Honda Prologue, Acura ZDX, and Chevy Equinox EV. Honda Prologue Elite (Source: Honda) GM’s Chevy surpassed Ford to become ...

Instead of the initial plan to invest 10 trillion yen ($69 billion) in an electrification strategy through the fiscal year ending in 2031, Honda is reducing that investment by 3 trillion yen ($21 ...