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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.
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 timing of construction of dedicated EV plants given weaker-than-expected demand for those vehicles.
For the past 20 years, those who use cars for transportation have begun to consider another option for their everyday lives: ...
At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...
Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to ...
Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be ...
On Tuesday, the Japanese carmaker said it will focus on hybrid cars, and will launch 13 models between 2027 and 2031 as ...
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