Overview

• Honda is reportedly planning to launch a small electric vehicle priced under $30,000 in North America by 2026, though its availability in the U.S. is not yet confirmed.
• The vehicle would be part of Honda's upcoming 0 Series EV lineup, which aims to introduce seven new global electric models by 2030.
• To reduce costs and qualify for federal tax credits, Honda plans to manufacture the vehicle locally, likely at its new EV hub in Ohio.
• The reported timeline aligns with Honda's broader electrification goals, including making EVs and fuel-cell vehicles 100% of its new car sales by 2040.
• The move comes as Honda seeks to catch up with competitors in the EV market, but uncertainty around federal EV subsidies and new tariffs could impact its plans.