Honda plans a $20 billion pivot to hybrids
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The Japanese carmaker plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows.
Honda also has a partnership with Sony and will build the Sony Afeela EV at its Ohio EV Hub in 2026. The 0 Series is critical to Honda meeting its target of 40 percent EVs in 2030 and for all ...
The Japanese automotive giant says it now expects around 20 per cent of its car sales to be electric by 2030, rather than 30 percent, amid dwindling demand.