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Joly says Honda still committed to EV investments after $15-billion project delayed

  • On May 13, 2025, Honda revealed it is delaying its $15-billion investment in an electric vehicle project in Alliston, Ontario.
  • The company cited weaker market demand for EVs and U.S. Tariffs as reasons for delaying the project and shifting CR-V production to Ohio.
  • The postponed initiative involved constructing a battery facility, modifying an assembly line, and adding two more plants, and it was anticipated to generate 1,000 new jobs without impacting the 4,200 employees currently at the Honda plant.
  • Honda plans to evaluate developments in the electric vehicle market over the next two years before making a decision about its planned investment in Canada, CEO Toshihiro Mibe indicated.
  • Industry Minister Mélanie Joly affirmed Honda Canada remains fully committed to EV investments and assured no job losses will occur in Alliston.
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Winnipeg Free PressWinnipeg Free Press
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Joly says Honda still committed to EV investments after $15-billion project delayed

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Bias Distribution

  • 56% of the sources are Center
56% Center
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The Globe & Mail broke the news in Canada on Wednesday, May 14, 2025.
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