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Honda Scales Back EV Investments, Prioritizes Hybrid Vehicles and Smart Tech

Citing slower-than-expected BEV adoption, Honda cuts its electrification budget by 30% and shifts focus to hybrid models and advanced driver-assistance systems.

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Honda bremst bei E-Autos – und fokussiert Geschäft auf Hybride

Overview

  • Honda reduces its planned electrification and software investments from 10 trillion yen to 7 trillion yen by 2030.
  • The company pauses its multi-billion-yen Canada EV manufacturing project for approximately two years due to market shifts.
  • Honda plans to launch 13 next-generation hybrid electric vehicle (HEV) models globally starting in 2027, aiming to sell 2.2 million hybrids by 2030.
  • Cost-efficiency measures target a 30% reduction in next-gen hybrid system costs, achieved through supplier collaboration and streamlined production.
  • Honda emphasizes the independent development of advanced driver-assistance systems (ADAS) and broader smart technology integration to enhance its vehicle offerings.