Overview
- Honda was reported Wednesday to have put its planned electric-vehicle assembly and battery plants in Canada on an indefinite hold.
- The shelved project covered both an EV car factory and a battery facility with an announced investment of about 150 billion Canadian dollars.
- The company is responding to slower U.S. EV sales after the Trump administration ended federal purchase tax credits, which reduced buyer incentives.
- Honda said it will explain the decision and its next steps at a business-strategy briefing in mid-May.
- The Canada plan had been slated to start operations in 2028 before a two-year delay announced in 2025, and Honda has since pared back its EV lineup by canceling three models.