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Honda scraps three US-built EVs only months ahead of launch, takes $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 trust and industry expectations for EV innovation and manufacturing timelines. It also underscores the financial risks automakers face amid shifting market dynamics and technological uncertainties.

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