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Honda plans a $20 billion pivot to hybrids

Honda plans a $20 billion pivot to hybrids as EV sales slow

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.The abandoned merger with Nissan adds pressure on Honda to safeguard its future.

Autoblog on MSN · 2d

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 its original multi-trillion-Yen investments, dialing down its EV and software research and development budget from ten trillion yen (~$68.97 billion) to seven trillion yen (~$48.28 billion).

Carscoops on MSN · 2d

A New Large Honda Hybrid Is Coming To America After EV Rethink

Honda cuts electrification investment from ¥10 trillion ($69 billion) to ¥7 trillion ($48 billion). The focus shifts to hybrids, with 13 new models and a target of 2.2 million sales by 2030. It’s also working on advanced ADAS to enhance the competitiveness of both EVs and HEVs.

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda will shift its focus to gasoline-electric hybrid vehicles, including a next-generation technology debuting in 2027.

Honda Slashes EV Investment, Shifts Focus to Hybrids and Flexible Manufacturing

Honda is cutting its global EV investment by 30% and delaying its Canadian EV project, shifting focus to hybrid vehicles ...

AutoGuide3d

Honda Walks Back EV Strategy, Promises More Hybrids Instead

Honda will accelerate the launch of 13 new hybrid models globally by 2031, with a focus on larger vehicles for North America. The company has also paused its $10.7 billion Canadian EV factory ...

Car and Driver10d

Honda Is Moving CR-V Production from Canada to the U.S. Due to Tariffs

Honda is also postponing its planned $11 billion investment in new EV factories in Ontario, Canada, due to slowing demand in North America. UPDATE 5/14/25: A Honda spokesperson said that ...

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