US EditionHonda Cancels 3 Planned EV Models for US
Honda's $15.7 billion restructuring loss follows cancellation of three U.S. EV models amid federal EV tax credit reversal and weak consumer demand, impacting its Ohio EV facility.
- On Thursday, Honda disclosed a $15.7 billion writedown of its EV business and canceled three battery models at its Ohio EV facility.
- Following the Senate's July vote reversing federal EV credits, Reuters attributed Honda's losses to sharply fallen EV demand as U.S. consumers prefer hybrids and face competition from lower-cost Chinese EV makers.
- Honda said cash outflows tied to the writedowns will largely reflect payments to compensate suppliers, with battery-powered cars at 2.5% of last year's global sales and 17,000 sold in China.
- Honda will pivot its U.S. focus to hybrid vehicles and plans to outline a mid- to long-term strategy at a May press conference, following its first annual loss in nearly 70 years.
- Despite Honda's pullback, EV sales in the United States hit record highs in 2025, and GM and Ford executives said EVs remain the future, despite multi-billion-dollar losses after policy shifts.
23 Articles
23 Articles
Off the news: Honda’s EV strategy for U.S. short-circuits | Honolulu Star-Advertiser
Add Honda to the list of major car manufacturers to scrap plans for electric vehicles, unfortunately. Honda last week said it would stop plans for three electric models it was to produce in the U.S., amid recording its first annual loss since its stock was first publicly listed in 1957.
Honda reports $15 billion in losses amid market shift
Honda reported its first annual loss in seven decades, according to Reuters, citing a massive $15.7 billion in unanticipated "restructuring costs." What's happening? On Thursday, Honda disclosed anticipated losses of 2.5 trillion yen along with an abrupt shift in manufacturing focus. Three new Honda electric vehicles that were "months from starting production" at the company's Ohio EV facility were scrapped, Engadget reported. As Reuters noted, …
The situation is painful for Honda. The group has just announced that it expected heavy losses of up to $15.7 billion, or about 13 million euros. A loss that follows the cancellation of the development and launch of three electric models. But this trend started well before the electric. A huge loss for Honda The losses are likely to be relatively heavy for Honda. The Japanese manufacturer is experiencing a relatively blurred period. The reason i…
After Honda Kills Three EVs, Afeela Tries Something Shiny While It Still Can
Sony Honda Mobility has quietly introduced two new art cars. Created in collaboration with Matt Copson and Hajime Sorayama. Afeela 1 starts at $89,900 and is slated to arrive late this year. Just days after Acura and Honda killed three upcoming EVs, Sony Honda Mobility quietly announced a new art car based on the Afeela 1. It was created in collaboration with Japanese illustrator Hajime Sorayama, who is best known for creating sexy robots. …
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