Japan's Honda to scale back on electric vehicles, concentrate on hybrids

Honda CEO Is All About Hybrids Now That EV Adoption Is ‘Pushed Back 5-6 Years’

Honda's previous plan to move 2 million EVs by 2027 has now become "700,000 to 750,000."

Honda announced on Tuesday a slowdown in U.S. electric vehicle sales, prompting the Japanese manufacturer to abandon its previous target of making electric vehicles 30% of its global sales by 2030.

Honda to Scale Back on Electric Vehicles

Japanese carmaker Honda Motor Co. said on May 20 that it will scale back investment in electric vehicles as demand slows and will focus instead on meeting a growing demand for hybrids. Honda said in a statement that “due to the recent market slowdown,” it will scrap its previous goal for electric vehicles (EVs) to be 30 percent of its global vehicle sales by 2030. “The environment surrounding the automobile industry is changing day by day. Uncer…

Honda commits to going out of business by pulling back on EVs as sales rise

Honda has looked at rapidly growing global EV sales and decided it would rather make itself irrelevant by reducing investment in EVs.

Honda temporarily pulling back on EV strategy amid slowing U.S. sales - National

Honda Motor Co. Chief Executive Toshihiro Mibe stressed the long-term shift toward electrification remained unchanged, just pushed back in time.

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

The 2025 Honda Civic Hatchback Sport Touring Hybrid.HondaHonda 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.Honda is dialing back its ambitious EV push and doubling down on hybrids amid slowing demand.On Tuesday, CEO Toshihiro M…