Overview

• Honda confirmed it will cancel its planned 2027 large three-row electric SUV, one of seven fully electric models slated for launch by 2030.
• The company reduced its EV investment plan from $68.7 billion to $48.1 billion, reallocating roughly $20 billion toward new hybrid vehicles.
• Honda cited the end of the federal tax credit and softer US demand as key factors behind the strategic pivot.
• Honda will proceed with launching its 0 Series Saloon and 0 Series SUV starting next year.
• Similar portfolio reassessments by Ford and Toyota underscore a broader industry return to hybrid vehicle development.