Overview

• Honda has cancelled its planned three-row electric SUV set for a 2027 debut.
• The automaker has cut its EV investment from $68.7 billion to $48.1 billion and is reallocating the difference to hybrid vehicle development.
• The decision reflects the termination of the federal tax credit and a cooling U.S. market for pure electric models.
• Despite the budget cuts, the Honda 0 Series electric SUV and saloon remain on track to launch next year.
• This strategic adjustment mirrors similar moves by Ford and Toyota as they balance electric and hybrid offerings.