Honda Shifts Focus to Hybrids Amid EV Market Challenges Facing...

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2025-05-30 06:44:21 -

Honda Shifts Focus to Hybrids Amid EV Market Challenges Facing slowing EV demand, Honda is redirecting its strategy to prioritize hybrid vehicles.

Honda is recalibrating its electrification strategy in response to slowing electric vehicle (EV) demand, particularly in North America. The company is shifting focus toward hybrid vehicles while scaling back its immediate EV investments. Strategic Shift: Emphasizing Hybrids Honda has reduced its planned electrification investment from ¥10 trillion ($69 billion) to ¥7 trillion ($48.4...

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