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Honda scraps three US-built EVs months ahead of launch, warns of $15.7 billion hit

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Why This Matters

Honda's decision to scrap three US-built EV models just months before their launch highlights the volatility and challenges in the electric vehicle market. This move could impact consumer confidence and signals potential shifts in Honda's strategic focus on EV development. For the industry, it underscores the importance of agility and adaptability in a rapidly evolving automotive landscape.

Key Takeaways

At CES 2025, Honda said the 0 Saloon and 0 SUV would begin rolling out in 2026, with North America first: the SUV in the first half of the year and the Saloon later in 2026.Read Entire Article