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Honda takes the EV out.
The company is walking back some of its long-term electrification plans, cutting 3 trillion yen (about $20.8 billion) from its investment in electric cars over the next six years. Instead, it’s shifting focus to hybrids, though still plans to be selling only EVs by 2040.
It’s not just them: Toyota is in the midst of a similar reassessment, while last year Volvo gave up on its plan to be fully electric by 2030.
Honda scales back electrification investment plan by 30%
[asia.nikkei.com]
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