US EditionCar Giant Puts the Brakes on EVs
- Honda has halted the development of a large electric SUV due to weaker-than-expected demand for sizable electric cars and will focus on hybrid models instead.
- Honda has cut its electric vehicle budget from ¥10 trillion to ¥7 trillion due to lower-than-expected demand and influenced by President Trump's decision to cut the $7500 federal tax credit for EV customers.
- Honda plans to launch 13 new hybrid models by 2027, having abandoned its goal of making EVs 30% of its global sales by 2030.
- Other automakers like Ford and Toyota USA are also scaling back their electric SUV plans in response to similar market pressures.
11 Articles
11 Articles
Honda ditches plans to build large electric SUV
Honda 0 Concept | Honda Sorry, there’s bad news for electric vehicle fans. Honda is the latest automaker to dial back its plans. Instead of building a large electric SUV, it’s slashing $20 billion from the EV development budget to focus on hybrid vehicles instead. Honda cancels large electric SUV plans Honda was planning on building a large electric SUV in 2027 to battle the Kia EV9. However, interest in electric vehicles has been declining. A…
What kind of Pokémon is that? Honda is preparing an unusual crossover for the US market
Amid political maneuvers in the US, Honda is still bringing to light a midsize electric crossover — the successor to the 0 Series concept, which despite everything, could reach American dealers sooner than expected.
Honda has only announced its electric models (series 0) for the coming years, only to make the first withdrawal a few months later. Now one hears from Japan that the large electric SUV from Honda should not come, at least not in the next years. It has been canceled. Honda doubts about the decisive market for this model and that is the USA. The declining demand would probably not be able to justify a large electric SUV. Now one focuses more on hy…
Honda cancels 3-row EV SUV as part of R&D budget cuts – money to go to hybrid powertrains instead
Honda has joined a growing number of carmakers reevaluating their electrification plans, cancelling a three-row electric SUV aimed at the North American market. The death of the car, which was set to compete with the Hyundai Ioniq 9 and Kia EV9, comes as part of recently-announced plans to scale back the development of pure electric vehicles, reported Carscoops citing Nikkei Asia. In May, the company said it would slash its R&D budget on models …
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